Jay is a surety for Katelyn's loan from Lucre Bank.Jay's right to be repaid by Katelyn after having paid her debt is the right of

Name: Jay is a surety for Katelyn's loan from Lucre Bank.Jay's right to be repaid by Katelyn after having paid her debt is the right of
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

The right of reimbursement allows a surety, like Jay, to recover the amount paid on behalf of the principal debtor, Katelyn, after settling her debt with the creditor, Lucre Bank.

Jay Is a Surety for Katelyn's Loan from Lucre Bank