Practice question
A worker has an awarded covered money claim. The agency argues that its performance bond can never secure damages and only covers office rent. What does Section 10 state?
- The award is irrelevant to the bond’s stated function
- Damages are categorically excluded
- Only rent may be paid from every performance bond
- The bond extinguishes all worker entitlements
- The bond is answerable for awarded worker money claims or damages
Legal references
- RA 10022, Section 7 amending RA 8042 Section 10, settlements, performance bonds and final judgments: https://lawphil.net/statutes/repacts/ra2010/ra_10022_2010.html
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