If the surety is forced to pay off the creditor, the surety steps into the shoes of the creditor. This is called _____ and confers upon the surety all the rights the creditor has against the debtor.

Question

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If the surety is forced to pay off the creditor, the surety steps into the shoes of the creditor. This is called subrogation and confers upon the surety all the rights the creditor has against the debtor.

If the Surety Is Forced to Pay Off the Creditor