Multiple choice

What is subrogation?

  1. Creditor's right

  2. Principal debtor's right

  3. Surety's right

  4. Third party's right

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is right of the surety. When he makes payment to the creditor on behalf of principal debtor then he becomes invested with all the rights which the creditor had against the principal debtor.