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In: Civil Engineering

Apple LLC decides that it is going to bid on some government work. All contractors must...

Apple LLC decides that it is going to bid on some government work. All contractors must post a bid bond when bidding on government work. Apple bids on the government work and wins. Apple posts a payment bond, as per the contract, and starts to work. After about 2 years into the job, Apple walks off the job, which was left uncompleted. Can the government collect the bond?

1. Yes, the government can collect on the bid bond that Apple took out

2. No, there is no bond available here that the government could collect on

3. No, the surety must be given the chance to mitigate their losses first

4. Yes, Apple guaranteed its work.

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Expert Solution

Ally Wells answered 10 months ago
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