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Most lawyers have barely heard of surety bonds. They might know the bonds play a role in construction projects and that, every once in a while, there's a nasty dispute between sureties and developers after someone walks off the job. What they may not know is that surety bonds -- or, to be precise, the inability to buy them at a reasonable price -- just forced Kmart into bankruptcy.
April 25, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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