Bengaluru: The high court has ruled that a surety or guarantor cannot unilaterally discharge themselves from liability at their own request. Dismissing a petition filed by a person--Muni Reddy, who ...

The complainant submitted that the petitioner, being a powerful political figure, had exerted undue influence over the board and got a resolution passed.

To be construed as a guarantee, there must be a clear and direct obligation to discharge the debts of the original debtor.

Texas surety law contains obscure procedural rules that can have outsized consequences. Chapter 43 of the Civil Practice and Remedies Code is an important example. This chapter applies to everything ...

BEFORE ISSUING A BOND, A SURETY WILL EVALUATE A COMPANY USING THE THREE C’S: (1) CAPITAL, (2) CAPACITY, AND (3) CHARACTER. AND WHILE SURETYSHIP IS NOT A FIELD THAT CHANGES OFTEN, A SMALL SHIFT TOWARDS ...

As the Senate works its way through a list of proposed amendments to its massive infrastructure package, lawmakers have approved a proposal to broaden the reach of federal surety-bond protection on ...

Previously in this series: How to report — or threaten to report — bad brokers, take action for payment recourse Federal rules pertaining to broker surety filings haven’t changed much since years ago ...

Contractor default inflicts huge losses on everyone involved — on contractors and project owners alike, though in different ways — and can delay, and ultimately stop, a project. This is why surety ...