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George Has Signed a Promissory Note,and Huber,Nick,and Jeffery Are Cosureties

Question 61

Multiple Choice

George has signed a promissory note,and Huber,Nick,and Jeffery are cosureties of their friend George.When George defaults,Jeffery pays the whole obligation.Jeffery is entitled to collect one third from both Nick and Huber.This is known as the:


A) right to contribution.
B) right of exoneration.
C) right of redemption.
D) right of collection.

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