menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 2
  4. Exam
    Exam 28: Creditors Rights and Remedies
  5. Question
    If a Surety Pays the Debt Owed to a Creditor
Solved

If a Surety Pays the Debt Owed to a Creditor

Question 24

Question 24

True/False

If a surety pays the debt owed to a creditor, then the surety acquires any rights that the creditor had against the debtor.

Correct Answer:

verifed

Verified

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

Related Questions

Q3: If the debtor offers to pay the

Q19: Clothing is not included in state exemption

Q20: A mortgagee can obtain a deficiency judgment

Q21: Fact Pattern 28-2B <br>Rico signs a lease

Q22: Suha performs a contract with Tyler to

Q23: Jay is a surety for Karen's loan

Q25: Larry borrows money from Joan. To use

Q26: A debtor's car may be exempt from

Q27: A default occurs if a debtor fails

Q28: A surety is released from his or

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines