menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law and the Regulation of Business Study Set 2
  4. Exam
    Exam 37: Secured Transactions and Suretyship
  5. Question
    The Right of a Surety Who Has Paid the Creditor
Solved

The Right of a Surety Who Has Paid the Creditor

Question 50

Question 50

Multiple Choice

The right of a surety who has paid the creditor to be repaid by the principal debtor is:


A) exoneration.
B) subrogation.
C) reimbursement.
D) None of these.

Correct Answer:

verifed

Verified

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

Related Questions

Q6: A primary reason for requiring a surety

Q45: Hank's tractor is collateral for a loan

Q46: A bankruptcy trustee may invalidate a granting

Q47: A PMSI is created in goods when

Q49: A security interest in consumer goods is

Q51: If the debtor is in default and

Q52: Every consensual secured transaction involves:<br>A) a debtor

Q53: Article 9 of the UCC governs financing

Q54: Article 9 of the UCC is flexible,

Q55: Which of the following is true?<br>A) A

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines