I don't think they are,if as you posted they were assured of a place in Div 1 if a bond was posted, then took last weeks decision regardless of wether or not a bond was posted then IMO that's is totally wrong and against the whole ethos of sport.
Regardless of Livi's behaviour if the above happened then I think that is a very dangerous course of action for SFL clubs to be taking in the current climate,unless they are all financially sound and all have credit facilities that is.
I know my club can hardly get a pie on tick.