Contract – Performance Guaranty – Real Property – Development Agreement – Permit Extension Act – ‘Penal Bond’ – Prejudgment InterestSynovus Bank v. County of Henderson When the defendant-surety’s principal failed to perform its obligations pursuant to a development contract with the defendant-county, the guarantor’s “penal bond” was payable in full.
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Published: August 16, 2012
Time posted: 10:53 am
Tags: Contract, Development Agreement, Performance Guaranty, Permit Extension Act, Prejudgment Interest, Real Property, ‘Penal Bond’