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Home Q & A Board Humanities Legal Studies
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bigcaat bigcaat
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6 years ago
The concept of subrogation applies to the liability of a guarantor under a loan guarantee. Under the concept of subrogation,
a. the lender must attempt to realize on any security for the loan before claiming from the guarantor.
b. the guarantor that compensates a lender takes over the right of the lender to sue the borrower.
c. the lender can sue the guarantor if there is default by the borrower under the loan.
d. the lender must attempt to collect from the borrower before pursuing the guarantor for payment of the loan.
e. none of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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MiY4GiMiY4Gi
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bigcaat Author
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6 years ago
Smart ... Thanks!
kevin12323h
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Brilliant ツ
IvanaVR
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This site is awesome
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