common-law bond

common-law bond

A performance bond given by a construction contractor.

? A common-law bond exceeds the requirements of a statutory performance bond because it provides additional coverage for construction projects. Cf. PERFORMANCE BOND. [Cases: Principal and Surety 65, 66(1). C.J.S. Principal and Surety ¡ì¡ì 70, 72¨C73, 75.]


What is the legal equivalent of the term common-law bond in Chinese?
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