(Nicomachean Ethics, 1101a10). According to Aristotle, happiness consists in achieving, through the course of a whole lifetime, all the goods â health, wealth, knowledge, friends, etc. â that lead to the perfection of human nature and to the enrichment of human life.et as we shall see, Aristotle was convinced that a genuinely happy life required the fulfillment of a broad range of conditions, including physical as well as mental well-being. In this way he introduced the idea of a science of happiness in the classical sense, in terms of a new field of knowledge.
(March 2016) A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.
Surety Bond Definition: A guarantee made by an insurance carrier (bonding company backing the bond) that is a hybrid of insurance and credit. It is a form of insurance to the obligee (party requiring the bond protection), as they are the beneficiary that can file a claim if the bond's promise is not met.hat your bond guarantees is dependent on the bond type and the bond formâs language. While it is extremely important to understand what your bond is guaranteeing, it is beyond the scope of this article. There are thousands of different bond forms for a variety of bond types required throughout the country.