A principal has the right to assert any rights the creditor could have asserted against the debtor, including taking security interests.

Name: A principal has the right to assert any rights the creditor could have asserted against the debtor, including taking security interests.
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Question

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A principal typically does not have the right to assert the creditor's rights against the debtor, as these rights are specific to the creditor-debtor relationship.

A Principal Has the Right to Assert Any Rights the Creditor