| This clause is significant, because the obligee may have losses in excess of the penalty of the bond. |
| Under the agreement for the construction work, the obligee is liable to pay for the work. |
| The surety, under the bond, agrees to remedy the contractor's default under the contract with the obligee. |
| If the condition were to enfeoff the obligee of all his lands in the county, in an action of debt he could say that he had no land within the same county. |
| The surety is required to collect and remit the tax the obligee is required to pay. |
| An agreement between an obligor and an obligee as to what is commercially reasonable shall, subject to paragraph 3, be conclusive. |
