If a Surety or Guarantor Pays the Debtor's Obligation to the Creditor

question 31

Multiple Choice

If a surety or guarantor pays the debtor's obligation to the creditor, the surety or guarantor has a right to ________, which means that the surety or guarantor is entitled to all the rights that the creditor had against the debtor.

• A) Subrogation
• B) Reimbursement
• C) Contribution
• D) Recoupment
• E) Securement

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Definitions:

Grocer Shoppers

Individuals who purchase food and other goods at grocery stores.

Value Pricing

The practice of simultaneously increasing product and service benefits while maintaining or decreasing price.

Free On Board

A shipping term indicating that the seller bears the shipping costs and risk of loss until the goods reach the buyer’s specified location.

Origin Pricing

Pricing strategy based on the geographical location of a product's origin, considering the costs of transportation and tariffs.