The Tennessee Alcoholic Beverage Commission regulates the sale of alcohol by the Principal. Tennessee Code Annotated §§ 57-4-101, et seq. Specifies the conditions under which alcohol may be sold on the premises. Per §§ 57-4-302 and its accompanying rules, the principal must post a corporate surety bond conditioned on the Commissioner of Revenue's approval and conditioned on the principal's compliance with state tax, penalty, and interest obligations for the sale of alcohol on the premises.