Subrogation: Difference between revisions

Subrogation (view source)

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	The [[guarantor]]’s right, having performed its guarantee obligation to a beneficiary with respect to a guaranteed [[debtor]], to step into the [[beneficiary]]’s shoes and sue the arse off that debtor, seeing as the [[beneficiary]] will be disinclined to do so having, thanks to the [[guarantee]], suffered no loss.		{{a\|security\|}}The [[guarantor]]’s right, having performed its guarantee obligation to a beneficiary with respect to a guaranteed [[debtor]], to step into the [[beneficiary]]’s shoes and sue the arse off that debtor, seeing as the [[beneficiary]] will be disinclined to do so having, thanks to the [[guarantee]], suffered no loss.

	{{subrogation setoff}}		{{subrogation setoff}}