Multiple Choice
Bertram,Chaka,and Dougal are co-sureties of Erica's debt to Finance Loan Company. Bertram pays Erica's entire debt. Bertram's right to seek proportionate pay-ments from Chaka and Dougal is the right of
A) contribution.
B) exemption.
C) reimbursement.
D) subrogation.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Jay is a surety for Karen's loan
Q14: Federal law alone governs garnishment actions.
Q17: Once default has occurred and the secured
Q26: Perfection is usually accomplished without filing a
Q37: The payment of Olinda's debt to Pari
Q48: Kayla's Auto Sales borrows money from Lenders
Q51: Market Credit Corporation is the secured party
Q55: The payment of Allen Janitorial Service's debt
Q56: The payment of Eden Valley Farm's debt
Q61: A guarantor can be required to pay