Difference: Surety Bond vs Fidelity Bond

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CDA MEMORANDUM CIRCULAR NO. 2011-13: Difference: Surety Bond vs Fidelity Bond

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Title Supreme Court: Difference: Surety Bond vs Fidelity Bond

Law: Cda Memorandum Circular No. 2011-13

Decision Date: Apr 11, 2011

CDA Memorandum Circular No. 2011-13 clarifies the distinction between surety bonds, which guarantee contractual obligations, and fidelity bonds, which protect against employee dishonesty, for directors, officers, and employees managing cooperative funds and properties.

fidelity bond

surety bond

administrative law

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