Final answer:
A surety bond involves the principal, obligee, and surety, but not the bondsman.
Step-by-step explanation:
A surety bond is a contract among three parties: the principal, the obligee, and the surety. The principal is the person or entity who needs the bond, the obligee is the party who is protected by the bond, and the surety is the company that guarantees the obligations of the principal. The bondsman is not a party to a surety bond, as their role is to post the bond on behalf of the principal.