menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 4
  4. Exam
    Exam 28: Introduction to Credit and Secured Transactions
  5. Question
    A Surety Who Pays a Debtor's Debt to the Creditor
Solved

A Surety Who Pays a Debtor's Debt to the Creditor

Question 34

Question 34

True/False

A surety who pays a debtor's debt to the creditor gets all the rights the creditor had against the debtor.This is called surety's right of subrogation.

Correct Answer:

verifed

Verified

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

Related Questions

Q29: Jimmy co-signed for his friend Fred for

Q30: Mike operates an upholstering business.He goes to

Q31: When can a lienholder sell goods or

Q32: A submaterialman is not entitled to a

Q33: In the case of _,the right must

Q35: A surety is not primarily liable for

Q36: A surety has a right of exoneration.

Q37: A clause in a mortgage specifies that

Q38: Bob borrowed $200,000 from ABC Bank to

Q39: In a(n)_ transaction,the borrower keeps the title

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