A Surety Could Avoid Liability for a Principal's Default by Using

question 43

True/False

A surety could avoid liability for a principal's default by using the principal's bankruptcy as a defense.

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Definitions:

Credentialing

The process of establishing the qualifications and background of licensed professionals to ensure their capability to provide services.

Professional Standards

Established guidelines or criteria defining the ethical and technical requirements for professionals in a given field or industry.

OSHA Compliance Officer

A professional responsible for ensuring workplaces adhere to safety and health regulations set by the Occupational Safety and Health Administration in the U.S.

Entry-Level General Duty

Positions designated for individuals beginning their careers in a particular field requiring basic skills and responsibilities.