A Surety That Has Made Payment of a Claim for Which

question 49

Multiple Choice

A surety that has made payment of a claim for which it was liable as a surety is entitled to which of the following from the principal?

• A) indemnity
• B) exoneration
• C) assignment
• D) subrogation

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Definitions:

Homeless

The state of lacking stable, safe, and adequate housing, which can adversely affect a person's health and wellbeing.

Trusted Relationship

A bond between parties characterized by trust, in which both parties feel confident in the reliability and integrity of one another.

SMI

Stands for Serious Mental Illness, characterized by long-lasting mental disorders that significantly impair one's ability to function in daily life.

Environmental Interpretation

The process of explaining the natural, cultural, and historical significance of environments to enhance public understanding and appreciation.