True/False
When a surety or guarantor pays a debt owed to a creditor, he or she acquires any right that the creditor had against the debtor.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: Builders Construction Company performs a contract with
Q14: A guaranty contract between the guarantor and
Q15: Fact Pattern 29-1B (Questions B4-B5 apply)<br>Michael contracts
Q16: A writ of execution applies to a
Q17: Erin and Dooley, a married couple, borrow
Q19: Creditors who have a perfected security interest
Q20: Portia owes Bon $500 on their roof
Q21: A surety is entitled to receive from
Q22: Stanley's debt to Town Bank is past
Q53: The roof in Rosalyn's house springs a