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A surety bond has three parties involved in the process: Principal, Obligee, and Surety. The principal party pays for the bond and performs the service; the obligee is the one the service is being performed for; and the surety is the party that pays the obligee in case the principal fails to perform. There are three […]

There are three main types of surety bonds: court, contract, and commercial. All of them act as guarantee on behalf of the principal. Other than the principal, there are two more parties involved in surety bonds: The obligee and the surety. The obligee is the party for which the principal performs a specific service. The […]

What is Telemarketing? Telemarketing is selling products or services to customer through a telephone call. The customers are called on numbers taken either from telephone directories or from the company’s database. The calls mostly follow scripted sales pitch with some room to customize the pitch according to the customer. Telemarketing can be done in one of […]