Upon Paying the Principal Debtor's Entire Obligation, the Surety Is

question 12

Multiple Choice

Upon paying the principal debtor's entire obligation, the surety is __________ the rights of the creditor.

• A) subject to
• B) subrogated to
• C) exonerated by
• D) set off by

Explain the dynamics of representative democracy and its potential to lead to inefficient government programs due to the distribution of costs and benefits.

Understand the lack of incentives for operational efficiency in the public sector and the factors contributing to it.

Recognize the predictable side effects of increased government activity, such as rent-seeking behavior.

Comprehend why elected representatives may prefer borrowing for financing current government programs.

---

Definitions:

Dialog Box

A small window that appears in a software application to provide information, present options, or require a response from the user.

Customer Table

A database table that holds information related to customers, such as names, addresses, and purchase history.

Query

A request for information from a database, returning a specific set of data that matches the query's parameters.

Current Due

The amount of money that is owed and must be paid at present or by a specified date.