Practice question
Distinguish the performance bond’s protective role from the principal’s and agency’s established Section10 liability.
Legal references
- RA8042 as amended by RA10022: https://lawphil.net/statutes/repacts/ra2010/ra_10022_2010.html Section7 amending Section10, covered claims and performance bond.
- Civil Code: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1216–1217.
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