Solved

James Has Taken a Loan of $10,000 from a Bank

Question 15

Multiple Choice

James has taken a loan of $10,000 from a bank with Julia and Robert as his sureties. Once the money becomes due, Julia seeks an order from the court ordering James to pay. In this example, Julia has used her right of ___.


A) reimbursement
B) exoneration
C) contribution
D) subrogation

Correct Answer:

verifed

Verified

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

Related Questions