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A guarantee issue by an insurance company to support their client who is ...

A guarantee issue by an insurance company to support their client who is applying for a contract is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Performance bond
  • B Bid bond
  • C Retention bond
  • D Advance payment bond
Correct Answer: Option A
Explanation:
performance bond; is a bond issued by a bank or other financial institution, guaranteeing the fulfilment of a particular contract.

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