If There Are Two or More Sureties and One Pays

question 53

Multiple Choice

If there are two or more sureties and one pays more than its proportionate share of the debt, such surety has the right against the co-sureties known as: ______.

• A) indemnity.
• B) exoneration.
• C) subrogation.
• D) contribution.

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Definitions:

Odds

A measure of the likelihood of a particular outcome, compared to the likelihood of alternative outcomes.

Chronic Schizophrenia

A long-term, severe psychiatric disorder characterized by delusions, hallucinations, disorganized speech or behavior, and other symptoms that impair daily functioning.

Responsive

Showing a positive or quick reaction to something, especially to changes, suggestions, or stimuli.

Treatment

The application of remedies to relieve or cure a disease, disorder, or injury.