If Several People Act as Cosureties for a Principal and One

question 33

Multiple Choice

If several people act as cosureties for a principal and one of them had paid the principal's debt, the cosurety who paid the debt has a claim against the other cosureties because of his or her right _____.

• A) of subrogation
• B) to contribution
• C) of strict foreclosure
• D) to reimbursement

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Definitions:

Model Minority

The model minority is a stereotype applied to a demographic group (often Asian Americans) perceived as achieving a higher degree of socioeconomic success than the population average, which can mask challenges and disparities within the group.

Racist Practice

Actions or policies that perpetuate discrimination or prejudice against people based on their race.

Subgroups

Smaller, distinct segments or categories within a larger group or category, often defined by specific characteristics.

Guilt and Shame

Emotional responses to perceptions of wrongdoing or inadequacy, with guilt relating to actions taken and shame to the self.