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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: ______.


Definitions:

Estray Statutes

Laws that govern how stray livestock can be claimed, managed, or sold by individuals who find them.

Statutes of Limitations

Laws setting the maximum time after an event within which legal proceedings may be initiated, commonly affecting the enforceability of civil claims and criminal charges.

Clear Title

The status of a property or asset that is free of liens, disputes, or legal questions about ownership.

Conversion

An illicit action that takes away personal property from the owner without permission.

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