Solved

When a Surety Pays a Debtor's Obligation, the Surety Is

Question 56

Multiple Choice

When a surety pays a debtor's obligation, the surety is entitled to have the co-sureties pay to the surety their proportionate share of the obligation the surety paid to the creditor. This is known as the right of ___.


A) reimbursement
B) exoneration
C) contribution
D) subrogation

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents