Question: Refer to HITF Ch3 p96 performance bond example to answer the following questions: a) Who is the principal? b) Who is the beneficiary? c) Who

Refer to HITF Ch3 p96 performance bond example to answer the following questions:

a) Who is the principal?

b) Who is the beneficiary?

c) Who is the issuer?

d) Who is the adviser?

e) Is the adviser merely giving advice or is it taking any risk?

f) What is it that is being guaranteed?

g) What is the FORM of the guarantee?

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