Question

47. The right of subrogation in a contract of guarantee is available to the
(A) Creditor
(B) Principal debtor
(C) Surety
(D) None of the above​

Answer 1

Answer:

The right of surety on payment of debt or the Right of subrogation(Section 140) The right of subrogation means that since the surety had given a guarantee to the creditor and the creditor after getting the payment is out of the scene, the surety will now deal with the debtor as if he is a creditor

Explanation:

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