Dale defaults on a car loan secured by his car and guaranteed by both Sam and Dave.Subrogation would allow Sam, who paid Dale's full obligation, to:

Name: Dale defaults on a car loan secured by his car and guaranteed by both Sam and Dave.Subrogation would allow Sam, who paid Dale's full obligation, to:
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Question

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Subrogation allows Sam to step into the shoes of the lender after paying off Dale's obligation, enabling him to repossess the car, collect from Dave, and collect from Dale.

Dale Defaults on a Car Loan Secured by His Car