George Has Signed a Promissory Note,and Huber,Nick,and Jeffery Are Cosureties

question 61

Multiple Choice

George has signed a promissory note,and Huber,Nick,and Jeffery are cosureties of their friend George.When George defaults,Jeffery pays the whole obligation.Jeffery is entitled to collect one third from both Nick and Huber.This is known as the:

• A)right to contribution.
• B)right of exoneration.
• C)right of redemption.
• D)right of collection.

---

Definitions:

Hand-Held Cellular

A portable device, often referred to as a mobile phone or smartphone, used for communication.

Cocktail Party Phenomenon

The capacity to concentrate one's listening efforts on a specific sound while ignoring other surrounding noises.

Posner Effect

A phenomenon in cognitive psychology indicating that attention can be directed to a location without the need for the eyes to move.

Craik Effect

A phenomenon where the depth of processing impacts memory recall; deeper processing leads to better retention.