Tag Archives: common law payment bond

Statute of Limitations to Sue on Common Law Payment Bond

In previous postings, I discussed common law payment bonds (or a payment bond that is NOT a statutory payment bond). An action against a common law payment bond has a one-year statute of limitations, but it is a flexible one … Continue reading

Posted in Payment Bond | Tagged , , , | Comments Off on Statute of Limitations to Sue on Common Law Payment Bond

Common Law Payment Bond Rights

Not all payment bonds are statutory payment bonds. For example, if a subcontractor furnishes a payment bond, that bond is not a statutory payment bond. Rather, it is referred to as a common law payment bond. With a common law … Continue reading

Posted in Payment Bond | Tagged , , , , | Comments Off on Common Law Payment Bond Rights