alleryStart learning →Sureties with bonds of 10,000, 20,000, 40,000 face a 30,000 default. Each pays?
A10,000 each
B5k, 10k and 15k
CNothing from A
D15,000 each
Answer & Solution
Correct answer: A. 10,000 each
Equal shares of 10,000 each are within every bond's limit, so each pays 10,000.
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