Civil Code Art. 2053: Nature and Extent of

Statute: Civil Code
Article: Art. 2053
Topic: Nature and Extent of Guaranty
Book: BOOK IV Obligations and Contracts
Title: TITLE XV GUARANTY
Chapter: CHAPTER 1 Nature and Extent of Guaranty
Formerly: Art. 1825a of the old Civil Code
Year: 1949

The provision

A guaranty may also be given as security for future debts, the amount of which is not yet known; there can be no claim against the guarantor until the debt is liquidated. A conditional obligation may also be secured. (1825a)

Cases applying this article

Atok Finance Corporation v. Court of Appeals G.R. No. 80078

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