A Surety That Has Made Payment of a Claim for Which

question 39

Multiple Choice

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

• A) Indemnity
• B) Exoneration
• C) Assignment
• D) Subrogation

---

Definitions:

Geographically Disperse

Describes entities, such as employees or resources, that are spread out across a wide geographic area.

Organizational Context

The environment or setting in which a company or entity operates, including its culture, structure, and external influences.

Collective Responsibility

The principle or practice of holding a group collectively accountable for the actions and consequences of its members.

Commitment to Goals

A strong determination to achieve specified aims or objectives.