If the Principal Does Not Pay the Creditor, and the Surety

question 342

Multiple Choice

If the principal does not pay the creditor, and the surety has to satisfy the debt, the principal:

• A) is obligated to repay the surety
• B) is not obligated to repay the surety
• C) is only obligated to repay the surety in some states
• D) is only obligated to repay the surety 50% of the debt
• E) is only obligated to repay the surety 25% of the debt

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