A Surety That Has Made Payment of a Claim for Which

question 48

True/False

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

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Definitions:

Related Diversification

A strategy where a business expands into new areas that have a connection or relation to its existing operations or markets.

GE Business Screen

A strategic planning tool developed by General Electric to evaluate business units on market attractiveness and company strength.

Portfolio Planning

The process of strategizing the mix of business holdings a company should have for optimal performance.

Business Strength

A company's competitive advantage or core competencies that enable it to outperform competitors.