If a debtor defaults and the debtor's surety satisfies the obligation,the surety acquires the right of:
A)subrogation.
B)primary lien.
C)indemnification.
D)chattel mortgage.

Question

Quizplus · Accepted Answer

Under the right of subrogation,if the surety has to perform or pay the principal's obligation,then the surety acquires all of the rights that the creditor had against the principal.

If a Debtor Defaults and the Debtor's Surety Satisfies the Obligation,the