A Surety Has a Right of ________,Which Is the Right

question 72

Multiple Choice

A surety has a right of ________,which is the right of the surety or guarantor to require the debtor to make good on his commitment to the creditor when he (1) is able to do so and (2) does not have a valid defense against payment.

• A)reimbursement
• B)exoneration
• C)contribution
• D)subrogation

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Definitions:

In-group Members

Individuals who belong to and identify with a particular group, often perceiving themselves as distinct or superior to out-group members.

Organizational Commitment

The psychological attachment and loyalty an employee feels towards their organization, often reflected in their willingness to remain with the organization and go above and beyond in their job roles.

Path-goal Theory

A leadership theory that suggests a leader's behavior is effective when employees perceive it as a source of satisfaction or as paving the way to future satisfaction.

Adapt Behavior

The process of changing or modifying one's actions in response to changes in the environment or situational demands.