Multiple Choice
Dale defaults on a car loan secured by his car and guaranteed by both Sam and Dave.Subrogation would allow Sam, who paid Dale's full obligation, to:
A) repossess the car.
B) collect from Dave.
C) collect from Dale.
D) All of these.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: Revised Article 9 of the Code greatly
Q20: UCC Article 9 defines a secondary obligor
Q23: A buyer in the ordinary course of
Q24: Laura is considering the possibility of becoming
Q28: "Attachment" occurs when a secured party has
Q28: UCC Article 9 applies to secured transactions
Q35: If Sharpe Finance Co.has a secured interest
Q43: If a principal debtor defaults on a
Q58: An automobile buyer in the ordinary course
Q83: Upon the surety's payment of the principal