Examlex
Which of the following statements describes a vestigial trait?
Subrogated
The process by which an insurance company, having paid out a claim, acquires the legal right to pursue recovery from third parties responsible for the damage.
Principal Debtor
The main individual or entity who is obligated to repay a debt or loan according to the terms agreed upon.
Rights
Entitlements or permissions granted to individuals or entities by law, social norms, or ethical principles.
Conditional Surety
A surety agreement where the guarantor's obligations are triggered by the occurrence of specific conditions.
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