When a Surety Pays a Debt That It Is Obligated

question 34

Multiple Choice

When a surety pays a debt that it is obligated to pay, it automatically acquires the claim and the rights of the creditor through:

• A) assignment.
• B) exoneration.
• C) subrogation.
• D) default.

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Definitions:

Binary Decision

A binary decision is a choice between two alternatives, often represented in computing and mathematical logic as 1 or 0, true or false.

Variable

Each input and output item the program manipulates.

Apple

An American multinational technology company known for its consumer electronics, software, and online services.

Special Symbols

Characters used in computing that are not letters or numerals, including punctuation marks, mathematical symbols, and graphical symbols.