A Surety's Right to Recover His/her Costs from the Principal

question 17

Multiple Choice

A surety's right to recover his/her costs from the principal once he/she performs or pays the principal's obligations is known as ___.

• A)the right to fair compensation
• B)the right of subrogation
• C)the right to reimbursement
• D)the right to contribution

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Definitions:

Individualized Socialization

is a process by which newcomers adapt to an organization or group in a manner tailored to their personal characteristics and experiences.

Uniformity

The state or quality of being the same in terms of standards, rules, appearance, or behavior, often aimed at ensuring consistency and order.

Objective Career Outcomes

Tangible, measurable achievements in one's career, such as salary progression, promotions, and job titles.

Subjective Outcomes

Results or consequences that are based on or influenced by personal feelings, tastes, or opinions rather than external facts.