A Surety's Right of Subrogation Means That If the Surety

question 30

True/False

A surety's right of subrogation means that if the surety has to pay the principal's obligation,the surety acquires all the rights that the creditor had against the principal.

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Definitions:

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Ties

Connections or relationships between individuals or entities, which can be social, professional, or emotional in nature.

Clique Network

A subgroup within a larger network where members have closer, more frequent, and exclusive interactions, often impacting the flow of information and influence.