Middle District of Florida Judicially Expands Definition of Statutory Payment Bond https://t.co/yPSJHJzNMW
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Today, in Fidelity & Deposit Company of Maryland vs. C.E. Hall, the United States Eleventh Circuit Court of Appeals ruled that a surety, that has previously made a demand for collateral security upon its principal, which demand was refused by the principal, retains the right to settle the obligee’s claims..September 22, 2015