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    Business Law and the Regulation of Business Study Set 3
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    Exam 37: Secured Transactions and Suretyship
  5. Question
    If the Principal Debtor Defaults, the Surety Has Rights Against
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If the Principal Debtor Defaults, the Surety Has Rights Against

Question 80

Question 80

Multiple Choice

If the principal debtor defaults, the surety has rights against the principal debtor, third parties, and cosureties. These rights would include:


A) exoneration.
B) reimbursement.
C) subrogation.
D) contribution.
E) All of these.

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