Surety Bond and Extent of Liability

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Generally, a surety cannot be held liable beyond the penal amount or sum of the bond.  The concept is similar to insurance where a carrier can tender its policy limits.  

Trenton H. Cotney
Board Certified in Construction Law
Trent Cotney, P.A.
1207 N Franklin St, Ste 222
Tampa, FL 33602
(813) 579-3278
Location: 100 S Ashley Dr #1300, Tampa, FL 33602, USA

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