Multiple Choice
James has taken a loan of $10,000 from a bank with Julia and Robert as his sureties. However when the money becomes due, James is unable to pay the amount. Robert, as one of James' sureties, pays the entire amount to the bank. Robert, now, has the right to receive a proportionate share of this obligation from Julia. This right is known as the right of ___.
A) reimbursement
B) exoneration
C) contribution
D) subrogation
Correct Answer:
Verified
Correct Answer:
Verified
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