Raoul is a surety for Suzie's loan from Turnkey Credit, Inc. Raoul's right to "step into the shoes" of Turnkey, after paying Suzie's debt, and exercise any of the Turnkey's rights against Suzie is the right of

Question

Raoul is a surety for Suzie's loan from Turnkey Credit, Inc. Raoul's right to "step into the shoes" of Turnkey, after paying Suzie's debt, and exercise any of the Turnkey's rights against Suzie is the right of​

Quizplus · Accepted Answer

The right to "step into the shoes" of the creditor after paying off the debtor's debt is known as subrogation. Raoul, as a surety, has the right of subrogation, which allows him to exercise any of Turnkey's rights against Suzie to recover the amount he paid on her behalf. Contribution would apply if there were multiple sureties, while redemption and reimbursement do not apply in this situation.

Raoul Is a Surety for Suzie's Loan from Turnkey Credit