Teller, kerr, and ace are co-sureties on a $120,000 loan with maximum liabilities of $20,000, $40,000, and $60,000, respectively. the debtor defaulted on the loan when the loan balance was $60,000. ace paid the lender $48,000 in full settlement of all claims against teller, kerr, and ace. what amount may ace collect from kerr?
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Teller, kerr, and ace are co-sureties on a $120,000 loan with maximum liabilities of $20,000, $40,00...
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