If several people act as cosureties for a principal and one of them had paid the principal's debt,the cosurety who paid the debt has a claim against the other cosureties because of his or her:
A) right of subrogation.
B) right to contribution.
C) right of strict foreclosure.
D) right to reimbursement.

Question

Quizplus · Accepted Answer

If several people act as cosureties for one principal, and any one of them pays the whole obligation, he or she is entitled to collect the extra amount paid from the other cosureties. This is known as the cosurety's right to contribution.

If Several People Act as Cosureties for a Principal and One