Chapter 11 Surety Bonds

Index

Section 11.1 Introduction
Section 11.2 Definition of Suretyship
Section 11.3 Definition of Surety Bond
Section 11.4 Parties to a Surety Bond
Section 11.5 Distinction Between Suretyship and Insurance
Section 11.6 Distinction Between Suretyship and Guaranty
Section 11.7 Nature and Extent of Surety’s Liability
Section 11.8 How the Bond Is Construed—General Principles
Section 11.9 Measure of Damages Against Surety
Section 11.10 Who Can Recover on a Surety Bond
Section 11.11 Vexatious Delay by Surety After Demand
Section 11.12 Rights of Obligee as to Surety
Section 11.13 Arbitration
Section 11.14 Rights of Surety as to Obligee
Section 11.15 Rights of Surety as to Principal
Section 11.16 Reimbursement
Section 11.17 Exoneration
Section 11.18 Subrogation
Section 11.19 Setoff
Section 11.20 Generally
Section 11.21 Operation of Law
Section 11.22 Modification, Change, or Alteration in Parties’ Status
Section 11.23 Payment or Other Satisfaction
Section 11.24 Release, Loss, or Misapplication of Other Security
Section 11.25 Release of Principal
Section 11.26 Waiver and Estoppel of Surety
Section 11.27 Contributions Between Co‑Sureties
Section 11.28 Generally
Section 11.29 Bid Bonds
Section 11.30 Maintenance Bonds
Section 11.31 Construction of Performance Bonds
Section 11.32 Coverage of Performance Bonds
Section 11.33 Release of Surety
Section 11.34 Obligations and Rights of Surety Upon Principal’s Default
Section 11.35 Indemnity Agreements
Section 11.36 Changes in Surety’s Rights Under Bankruptcy Reform Act of 1978
Section 11.37 Coverage of Payment Bond
Section 11.38 Obligation of Surety if Obligee Takes Over Contract
Section 11.39 Single Bond Covering Performance and Payment
Section 11.40 Subcontractor’s Bonds
Section 11.41 Actions on Payment Bonds
Section 11.42 Generally
Section 11.43 Materials Covered
Section 11.44 Persons Covered
Section 11.45 Effect of Modification of the Principal Contract
Section 11.46 Actions
Section 11.47 Generally
Section 11.48 Materials Covered
Section 11.49 Persons Covered
Section 11.50 Notice of Claim; Form
Section 11.51 Actions—Including Venue
Section 11.52 Generally
Section 11.53 Types of Fidelity Bonds
Section 11.54 Persons Covered
Section 11.55 Acts Outside Scope of Employment
Section 11.56 Change of Status of Employee
Section 11.57 Acts or Conduct Covered
Section 11.58 Type of Loss Covered
Section 11.59 Time of Occurrence of Loss
Section 11.60 Time of Discovery of Loss
Section 11.61 Loss Essential to Recovery
Section 11.62 Release of Principal
Section 11.63 Prosecution of Principal
Section 11.64 Concealment of Prior Acts of Misconduct
Section 11.65 Notice of Loss
Section 11.66 Proof of Loss
Section 11.67 Special Limitations on Filing Actions
Section 11.68 Admissibility of Confessions of Employee
Section 11.69 Miscellaneous Types of Surety Bonds
Section 11.70 Other Contract Performance Bonds
Section 11.71 License and Permit Bonds
Section 11.72 Judicial Bonds and Court Bonds—Probate Bonds
Section 11.73 Public Official Bonds
Section 11.74 Notary Bonds
Section 11.75 Attorney-in-Fact(Definition)
Section 11.76 Notice
Section 11.77 Authority of Attorney-in-Fact Determined by Acts of the Principal
Section 11.78 Apparent Authority—Implied Authority
Section 11.79 Statutory Requirements
Section 11.80 Agent Acting Outside of Territory
Section 11.81 Extending the Surety’s Obligation
Section 11.82 Agent’s Authority to Accept Service of Process
Section 11.83 Generally
Section 11.84 Liability of Agent for Loss When Posting Bond in Unadmitted Surety
Section 11.85 Estoppel of Surety—Unauthorized Acts by Agents or Attorneys-in-Fact
Section 11.86 Ratification of Unauthorized Acts
Section 11.87 Negligence of Surety in Appointment and Supervision of Agent or Attorney-in-Fact
Section 11.88 Generally—Statutes—Court Rules
Section 11.89 Forfeiture of Bail Bond—Manner of Entering Judgment—Remissions
Section 11.90 Forfeiture of Bail Bond Taken by Court Without Lawful Authority
Section 11.91 When Defendant Flees—Rights of Surety and Defendant
Section 11.92 Liability of Bail Bond Agent to Surety on Indemnification Contract
Section 11.93 Actions Between Bail Bondsman and Indemnitor