The failure of the successful bidder to furnish any bond required by law, within the time fixed for execution of the contract, constitutes a failure to execute the contract.
Cal. Pub. Cont. Code § 10783
Award of Contracts
Known as the California State University Contract Law
The act spans §§ 10700–11005 (71 sections).
Added by Stats. 1984, Ch. 1128, Sec. 4.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.