When a Surety Pays a Claim That It Is Obligated

question 13

True/False

When a surety pays a claim that it is obligated to pay, the surety is exonerated, and automatically acquires the claim and the rights of the creditor.

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Definitions:

Counselling Psychology

A field of psychology focused on facilitating personal and interpersonal functioning across the life span with an emphasis on emotional, social, vocational, educational, health-related, developmental, and organizational concerns.

Everyday Life

The daily activities, patterns, and behaviors that form the routine of an individual's life in a societal context.

Introspection

The examination of one's own thoughts and feelings, a reflective process focused on understanding one's inner experiences.

Empiricism

The philosophy that knowledge comes primarily from sensory experience, emphasizing the role of observation and experimentation in science.