If There Are Two or More Sureties and One Pays

question 53

Multiple Choice

If there are two or more sureties and one pays more than its proportionate share of the debt, such surety has the right against the co-sureties known as: ______.

• A) indemnity.
• B) exoneration.
• C) subrogation.
• D) contribution.

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Definitions:

Qualitative Data

Non-numerical information that describes qualities or characteristics, often gathered through interviews, observations, or open-ended survey responses.

Primary Data

Marketing data that a business collects for its own specific purposes.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including data on target markets or customers, to enhance decision-making.

Market Analysis

The assessment of a given market to understand its size, trends, growth potential, and competitive landscape, often used to inform business strategies and decisions.