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Home / Opinion Digests / Contract / Contract – Performance Guaranty – Real Property – Development Agreement – Permit Extension Act – ‘Penal Bond’ – Prejudgment Interest (access required)

Contract – Performance Guaranty – Real Property – Development Agreement – Permit Extension Act – ‘Penal Bond’ – Prejudgment Interest (access required)

Synovus 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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