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2011•Unpublished venueRequires access

DAMPAK HUKUM PELAKSANAAN SURETY BOND DI DKI JAKARTA

SH Hendra Hot Gunawan Sinaga, S.H Emmy Pangaribuan

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Abstract

Surety bond is a form of agreement between two parties that is between a guaranty giver (Surety), which provides guaranty for the contractor or the project implementer (principal) for the interest of the project. That if the party who secured the principal by a cause negligent or failed to perform its obligations in completing the contracted work to the project owner (Obligee). The purpose of this research is to gain an understanding of differences in basic legal concepts and assurance in the guarantee bank and surety bond

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What this paper is about

Surety bond is a form of agreement between two parties that is between a guaranty giver (Surety), which provides guaranty for the contractor or the project implementer (principal) for the interest of the project. That if the party who secured the principal by a cause negligent or failed to perform its obligations in completing the contracted work to the project owner (Obligee). The purpose of this research is to gain an understanding of differences in basic legal concepts and assurance in the guarantee bank and surety bond

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Available abstract

Surety bond is a form of agreement between two parties that is between a guaranty giver (Surety), which provides guaranty for the contractor or the project implementer (principal) for the interest of the project. That if the party who secured the principal by a cause negligent or failed to perform its obligations in completing the contracted work to the project owner (Obligee). The purpose of this research is to gain an understanding of differences in basic legal concepts and assurance in the guarantee bank and surety bond

Key concepts: Surety, Principal (computer security), Bond, Business, Actuarial science, Work (physics), Finance, Engineering

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