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A principal has rights to be subrogated by the surety.
Merger
The combination of two or more companies into one, where one survives and the others cease to exist.
Creditors
Individuals or institutions that are owed money by debtors or borrowers.
Acquiring Assets
The process of obtaining assets for a company to increase its value or to support the expansion of operations.
Controlling Stock Interest
Ownership of a sufficient amount of shares in a company to dictate policy and manage company affairs.
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