Question: Select all statements that are true. A bond is a two - party undertaking. A bond is the same as an insurance policy. A bond
Select all statements that are true.
A bond is a twoparty undertaking.
A bond is the same as an insurance policy.
A bond is a promise that the owner will be indemnified against loss arising from the failure of the contractor to perform obligations under the contract.
A bond is provided by a surety firm.
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