In bonding, who is the party for whose benefit the bond is written?

In bonding, the obligee is the party for whose benefit the bond is written. The obligee is typically the entity that requires the bond as a guarantee that the principal will fulfill specific obligations, such as completing a contract or adhering to regulations. The bond serves as a form of financial assurance for the obligee, ensuring that they will be compensated in case the principal fails to meet their obligations.

The surety is the third party that issues the bond and backs the obligation. The principal is the party that is primarily responsible for fulfilling the contractual duties stipulated in the bond. The guarantor, while similar to the surety, typically guarantees the performance of the principal in different contexts. Thus, the bond's primary intent is to protect the interests of the obligee, making them the correct answer.