Law · Contract Law
Which legal right enables an indemnifier or surety, after settling a claim, to step into the creditor's shoes and pursue legal remedies against responsible third parties to recover the paid amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Right to Mitigate Loss
- 2Right of Subrogation✓
- 3Right to Control Legal Proceedings
- 4Right to Indemnification
Correct answer
Right of Subrogation
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