A surety's right to recover his/her costs from the principal once he/she performs or pays the principal's obligations is known as ___.
A) the right to fair compensation
B) the right of subrogation
C) the right to reimbursement
D) the right to contribution
Correct Answer:
Verified
Q21: Which of the following statements concerning foreclosure
Q22: In a deed of trust transaction:
A)the buyer
Q23: If there are cosureties and one of
Q23: If the surety has to perform the
Q25: Accommodation sureties:
A)are people paid for serving as
Q28: Under the common law,airlines were entitled to
Q29: _ implies that the creditor has no
Q30: A common law lien essentially includes:
A)only possession
Q31: If Jack is a surety for John,Jack's
Q44: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents