State X Hired Build-Right Construction to Build a Bridge

question 10

Multiple Choice

State X hired Build-Right Construction to build a bridge.State X required that construction be completed within 2 years after the contract was signed.Les Johnson is the president of Build-Right.State X required that Build-Right's promise to perform be guaranteed by a third party.Build-Right purchased a performance bond from Rock Solid Indemnity.The bond requires Rock Solid to be responsible if Build-Right does not have the project completed on time.In this scenario,which party is the surety?

• A)State X
• B)Build-Right Construction
• C)Les Johnson
• D)Rock Solid Indemnity

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Definitions:

Louisiana Territory

A vast region of North America that was purchased by the United States from France in 1803, doubling the size of the country and opening the way for westward expansion.

Gateway

A point of entry or access, often used metaphorically to describe something that serves as an entrance to something else, such as a technology, idea, or country.

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery or the misappropriation of resources.

English Colonists

Early settlers from England who established colonies in various parts of the world, including North America, during the 16th to 18th centuries.