When a principal debtor defaults and a surety pays the creditor the entire obligation, which of the following remedies gives the surety the best method of collecting from the debtor?

a. Exoneration
b. Contribution
c. Subrogation
d. Attachment


.C

Business

You might also like to view...

If payment is due by the end of the month in which the sale is made, the invoice terms are expressed as n/30

Indicate whether the statement is true or false

Business

Benjamin Company produces products C, J, and R from a joint production process. Each product may be sold at the split-off point or processed further. Joint production costs of $95,000 per year are allocated to the products based on the relative number of units produced. Data for Benjamin's operations for last year follow:??Units ProducedSales Values at Split-OffSales Values If Processed FurtherCosts of Processing Further?Product C6,000$75,000$100,000$20,000?Product J9,000$70,000$115,000$36,000?Product R4,000$46,500$55,000$10,000Required:Which products should be processed beyond the split-off point?

What will be an ideal response?

Business

A table is in the third normal form if the table is in the second normal form and ________

A) contains no repeating groups B) has two foreign keys C) no non-key attribute is dependent on another non-key attribute D) none of the above

Business

Six Sigma represents a quality level of at most ____ defects per million opportunities

a. 3.4 b. 6.0 c. 19.7 d. 99.5

Business