Multiple Choice
If several people act as cosureties for a principal and one of them had paid the principal's debt, the cosurety who paid the debt has a claim against the other cosureties because of his or her right _____.
A) of subrogation
B) to contribution
C) of strict foreclosure
D) to reimbursement
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q28: _ implies that the creditor has no
Q29: Which of the following defenses goes to
Q30: Which of the following statements is true
Q31: A surety is a person who is
Q32: Which of the following is true of
Q34: Under strict foreclosure, the creditor has the
Q35: Andy bought a bicycle on credit from
Q36: Article _ of the Uniform Commercial Code
Q37: If Jack and Victor were cosureties for
Q38: Foreclosure proceedings are regulated by statute in