In most cases, the maximum exposure of the surety is the penal sum of the bond. However, there are some exceptions where the surety litigates a bond claim and ultimately … Continue reading “Nevada Contractor License Bond Penal Sum Issues”

In a recent Nevada Supreme Court decision, MMV Invs. LLC v. Dribble Dunk LLC, the court upheld the enforceability of a contractual waiver of the statute-of-limitations defense in a breach-of-guaranty … Continue reading “Contractual Waiver of Statute of Limitations: A Controversial Nevada Ruling”

In Nevada, the general rule concerning statutes of limitation is that a cause of action accrues when the wrong occurs and a party sustains injuries for which relief could be … Continue reading “The Discovery Rule and Statutes of Limitation in Nevada”