Solved

If, at a Time a Surety's Obligation Has Matured, the Principal

Question 4

Multiple Choice

If, at a time a surety's obligation has matured, the principal can satisfy the obligation but refuses to do so, the surety is entitled to a court order requiring the principal to perform. This is known as:


A) contribution.
B) perfection.
C) foreclosure.
D) exoneration.
E) subrogation.

Correct Answer:

verifed

Verified

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

Related Questions