If Jack and Victor were cosureties for John, Jack's right to reimbursement would include:
A) the right to any collateral in the possession of the creditor.
B) the right to recover from the principal the costs paid on the principal's obligation.
C) the right to share the costs paid with Victor.
D) all the rights that the creditor had.

Question

Quizplus · Accepted Answer

If the surety performs or pays the principal's obligation, he is entitled to recover his costs from the principal; this is known as the surety's right to reimbursement. In this scenario, Jack's right to reimbursement would include the right to recover from the principal the costs paid on the principal's obligation.

If Jack and Victor Were Cosureties for John, Jack's Right