Which of the following best describes the right to indemnity?
A) It is the right of a creditor to receive interest on the debt.
B) It is the right of a principal to receive compensation from the creditor.
C) It is the right of a creditor to withhold payment in the case of a dispute.
D) It is the right of a guarantor to be reimbursed by the principal.
Correct Answer:
Verified
Q3: A surety or guarantor may call on
Q5: A security agreement contains the terms of
Q5: A contract of guaranty must be in
Q8: Suretyship given for someone who handles another's
Q9: A party who undertakes to be responsible
Q11: Discharge of a surety occurs:
A) if the
Q12: Explain the right of subrogation of
Q13: Which of the following is true of
Q15: _ are items used or bought primarily
Q18: A contract of suretyship is an agreement
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