alleryStart learning →With bonds of 10,000, 20,000, 40,000 and a 40,000 default, what do the first two sureties pay?
A13,333 and 13,333
B10,000 and 15,000
C10,000 and 20,000
D5,000 and 20,000
Answer & Solution
Correct answer: B. 10,000 and 15,000
A pays up to his limit of 10,000, and the remaining 30,000 is split equally between B and C, giving 15,000 each.
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