The right of the surety against the principal debtor, enforceable at equity, to require the principal debtor pay the creditor when the obligation is due is the right of:
A)contribution.
B)subrogation.
C)reimbursement.
D)exoneration.

Question

Quizplus · Accepted Answer

The right described in the question is the right of exoneration, which is the right of the surety to require the principal debtor to fulfill the obligation, freeing the surety from any liability. Contribution refers to the right of a co-surety to demand payment from other co-sureties. Subrogation refers to the right of the surety to step into the shoes of the creditor after paying a debt and enforce the creditor's rights against the principal debtor. Reimbursement refers to the right of the surety to demand repayment from the principal debtor after the surety has paid the debt.

The Right of the Surety Against the Principal Debtor, Enforceable