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Jane wishes to obtain a loan of $90,000 from Silver Corp. At the request of Silver, Jane has entered into an agreement with Bing, Piper, and Long to act as cosureties on the loan. The agreement between Jane and the cosureties stated that the maximum liability of each cosurety is: Bing $60,000, Piper $30,000, and Long $90,000. Based upon the surety relationship, Silver agreed to make the loan. After paying three installments totaling $30,000, Jane defaulted. Prior to making payment, the cosureties may seek the remedy of A. Subrogation. B. Exoneration. C. Contribution. D. Indemnification. |