If a surety or guarantor pays the debtor's obligation to the creditor, the surety or guarantor has a right to ________, which means that the surety or guarantor is entitled to all the rights that the creditor had against the debtor.

Question

Quizplus · Accepted Answer

Subrogation is the legal principle that allows a surety or guarantor who has paid the debtor's obligation to step into the shoes of the creditor and exercise all the rights the creditor had against the debtor.

If a Surety or Guarantor Pays the Debtor's Obligation to the Creditor