Multiple Choice
Upon paying the principal debtor's entire obligation, the surety is __________ the rights of the creditor.
A) set off by
B) subject to
C) subrogated to
D) exonerated by
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: Stanmore Corporation obtains from Southwell Manufacturing a
Q6: A primary reason for requiring a surety
Q26: According to the UCC, a computer purchased
Q31: In states which have adopted certificate of
Q35: If Sharpe Finance Co.has a secured interest
Q46: A bankruptcy trustee may invalidate a granting
Q66: First Bank loaned $100,000 to Central Office
Q67: The Code's classifications of collateral according to
Q71: What party(ies) is/are involved in a suretyship
Q74: Two or more sureties bound for the