If the surety has to perform the principal's obligation, then the surety acquires all the rights that the creditor had against the principal. This is known as the surety's right _____.
A) to contribution
B) of subrogation
C) to compensation
D) to reimbursement

Question

Quizplus · Accepted Answer

If the surety has to perform or pay the principal's obligation, then the surety acquires all the rights that the creditor had against the principal. This is known as the surety's right of subrogation.

If the Surety Has to Perform the Principal's Obligation, Then