Beyond the Four Corners: What’s In, and What’s Out, of Your Statutory Bonds?

The precise language of a surety bond can be dispositive.  Reading the bond closely is critical.  However, statutory bonds are different, and it’s a mistake to end the inquiry with the bond terms.  This virtual seminar will examine the differences between common law and statutory surety bonds, both contract and commercial.  We’ll discuss the varied rules for construing these bonds and provide examples of the outcomes derived from those rules.  Attendees will hear about what to investigate beyond the four corners of surety bonds governed by statutory law.