Apple LLC decides that it is going to bid on some governmentwork. All contractors must post a bid bond when bidding ongovernment work. Apple bids on the government work and wins. Appleposts a payment bond, as per the contract, and starts to work.After about 2 years into the job, Apple walks off the job, whichwas left uncompleted. Can the government collect the bond?
1. Yes, the government can collect on the bid bond that Appletook out
2. No, there is no bond available here that the government couldcollect on
3. No, the surety must be given the chance to mitigate theirlosses first
4. Yes, Apple guaranteed its work.
