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

Question

Quizplus · Accepted Answer

The right to "step into the shoes" of the creditor and exercise any of their rights against the debtor is called subrogation. Thus, the correct choice is D. Contribution is the right of a co-surety to recover their share of the debt from other co-sureties. Redemption is the right of a debtor to reclaim their property by paying off the debt. Reimbursement is the right of a surety to be reimbursed by the debtor for any payments made to the creditor. None of these rights apply to Raoul's situation.

Raoul Is a Surety for Suzu's Loan from Turnkey Credit,Inc