Editing Subrogation (section)

===Surety's subrogation rights===
A [[surety]] who pays off the debts of another party may be entitled to be subrogated to the creditor's former claims and remedies against the debtor to recover the sum paid.<ref>''Forbes v Jackson'' (1882) 19 Ch D 615</ref>  That would include the endorser on a [[bill of exchange]].<ref>''Duncan, Fox & Co v North and South Wales Bank'' (1880) 6 App Cas 1</ref> The surety will then have the benefit of any [[security interest]] in favour of the creditor for the original debt.  Conceptually this is an important point, as the subrogee will take the subrogor's security rights by operation of law, even if the subrogee had been unaware of them.<ref>Charles Mitchell, ''The Law of Subrogation'', {{ISBN|0-19-825938-7}}</ref>