Legal Question in Consumer Law in Virginia
bonding
why does a company get bonded
Asked on 1/03/08, 1:18 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: bonding
A company could get bonded (or be required to post or have a bond on file with an agency or other organization) for a variety of reasons in order to provide for or guarantee a variety of things which could include, among many other things, a surety or guarantee of the company's performance in certain specified situations or under certain conditions or particular circumstances.
Answered on 1/03/08, 5:51 pm
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