Apart from the conditional features, what must a conditional payment bond comply with?
Correct Answer
A) The payment bond requirements of s. 713.23 that the section lists
Section 713.245(2) requires that except as specified in the section, all bonds issued under it must conform to the requirements of s. 713.23(1)(a), (b), (f) and (4). Section 255.05 governs public work, and s. 713.24 governs transfer of a lien to security, so neither supplies the form here.
Why This Is the Correct Answer
Section 713.245(2) requires that except as specified in the section, all bonds issued under it must conform to the requirements of s. 713.23(1)(a), (b), (f) and (4). Section 255.05 governs public work, and s. 713.24 governs transfer of a lien to security, so neither supplies the form here.
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