Question 2. The right of subrogation means that a surety can __________________.

A. Be paid by the borrower for any expenses it incurs while acting in its capacity as a surety.

B. Exercise any rights that the lender might have had against the original borrower in the event that the surety is made to pay the lender.

C. Recover from any co-sureties in the event that one surety pays more than its fair share of the debt.

D. Avoid liability on the debt if the lender agrees to release some pledged collateral without the surety’s consent.

Правильный ответ:

B. Exercise any rights that the lender might have had against the original borrower in the event that the surety is made to pay the lender.

20:27
11