AL General Contractor Practice Questions - Alabama General Contractor Exam

In Alabama, which of the following parties is involved in a surety bond arrangement?

Only the contractor and the owner The principal (contractor), the obligee (owner), and the surety (bonding company) Only the surety company and the state The contractor, subcontractor, and material supplier

Correct Answer:

The principal (contractor), the obligee (owner), and the surety (bonding company)

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