TERMIUM Plus®

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SURETYS OBLIGATION [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2009-07-27

English

Subject field(s)
  • Government Contracts
CONT

Under most types of bonds, the surety's obligation to perform is conditioned upon the obligee having fully performed its obligations under the bonded contract. One of the obligee's primary obligations is to release payments to the principal in accordance with the terms of the contract.

CONT

Surety's obligation under developer's performance bond is enforceable, although no lots had been sold by developer.

French

Domaine(s)
  • Marchés publics
CONT

Le vendeur doit livrer les marchandises libres de tout droit ou prétention d'un tiers, à moins que l'acheteur n'accepte de prendre les marchandises dans ces conditions.

OBS

Termes provenant du Guide de la politique des approvisionnements et services en usage au MAS.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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