Multiple Choice
Sheng and Min were cosureties for their friend Lei on a loan contract.When Lei failed to repay the loan within the stipulated time,Min paid the whole obligation as her surety.Min is now entitled to collect half the amount of liability from Sheng in accordance with her _____.
A) right to contribution
B) right of subrogation
C) right to reimbursement
D) right to compensation
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Possessory liens give the lienholder the right
Q7: Describe the distinction between a surety and
Q9: Strict foreclosure is normally limited to situations
Q10: If a creditor allows a principal an
Q13: Zahra agreed to act as surety for
Q17: The common law lien and most of
Q30: Which of the following statements is true
Q40: Which of the following is true of
Q46: In a deed of trust transaction, when
Q48: Which of the following statements is true