The Right of a Surety Who Has Paid the Creditor

question 79

Multiple Choice

The right of a surety who has paid the creditor to be repaid by the principal debtor is:

• A) reimbursement.
• B) subrogation.
• C) exoneration.
• D) None of these.

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Definitions:

Satisfaction

The feeling of pleasure or contentment that comes from fulfilling or being fulfilled by something.

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives to be accomplished.

Rewards

Are positive reinforcements given to employees or individuals as recognition for their efforts, achievements, or behavior.

Goal Commitment

The degree of determination and persistence an individual or group displays in achieving a specific goal.