The Concept of Subrogation Applies to the Liability of a Guarantor

question 38

Multiple Choice

The concept of subrogation applies to the liability of a guarantor under a loan guarantee. Under the concept of subrogation:

• A) the lender can sue the guarantor if there is default by the borrower under the loan
• B) the lender must attempt to collect from the borrower before pursuing the guarantor for payment of the loan
• C) the lender must attempt to realize on any security for the loan before claiming from the guarantor
• D) the guarantor that compensates a lender takes over the right of the lender to sue the borrower
• E) none of the above.

---

Definitions:

Temperature

A measure of the hotness or coldness of an object or environment, usually expressed in degrees Celsius or Fahrenheit.

Evaluation Data

Information gathered to assess the effectiveness and impact of healthcare interventions, treatments, or programs.

Urine Output

The amount of urine excreted by the kidneys over a specified period, an important indicator of kidney and overall fluid health.

Every Hour

A time interval indicating that an action or event occurs once each hour.