Dale defaults on a car loan secured by his car and guaranteed by both Selena and Tobey. Subrogation would allow Selena, who paid Dale's full obligation, to:

A) repossess the car.
B) collect from Tobey.
C) collect from Dale.
D) All of these.


D

Business

You might also like to view...

?A mean computed in such a way that each data value is given a weight reflecting its importance is referred to as a

A. ?geometric mean. B. ?trimmed mean. C. ?weighted mean. D. ?balanced mean.

Business

Which of the following is not a cash outflow from an operating activity?

a. a withdrawal by the owners; b. a payment for the acquisition of inventory; c. a tax payment to the government; d. a payment for interest on a loan; e. the payment of wages.

Business

If Cash totals $4,000; Accounts Receivable $3,000; Allowance for Bad Debts $300; Equipment $34,000; and Accumulated Depreciation--Equipment $1,000; the net realizable value of the Accounts Receivable will be:

a. $4,000 b. $3,000 c. $2,700 d. $1,700 e. $33,000

Business

How would you describe Adelphia's treatment of its stakeholders?

Business