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If a Surety or Guarantor Pays the Debtor's Obligation to the Creditor

Question 31

Multiple Choice

If a surety or guarantor pays the debtor's obligation to the creditor, the surety or guarantor has a right to ________, which means that the surety or guarantor is entitled to all the rights that the creditor had against the debtor.


A) Subrogation
B) Reimbursement
C) Contribution
D) Recoupment
E) Securement

Correct Answer:

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