If the principal debtor defaults, the surety has rights against the principal debtor, third parties, and cosureties. These rights would include:
A) exoneration.
B) reimbursement.
C) subrogation.
D) contribution.
E) All of these.

Question

Quizplus · Accepted Answer

Exoneration, reimbursement, subrogation, and contribution are all rights that a surety has against the principal debtor, third parties, and cosureties in the event of a default by the principal debtor.

If the Principal Debtor Defaults, the Surety Has Rights Against