Civil Code Art. 2053: Nature and Extent

Statute: Civil Code
Article: Art. 2053
Topic: Nature and Extent of Guaranty
Status: In force
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
Cited by: Multiple Supreme Court decisions

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
South City Homes v. Ba Finance Corporation G.R. No. 135462
Jacinto Uy Diño v. Hon. Court of Appeals G.R. No. 89775

Related provisions in this Chapter

Civil Code, Art. 2052 Nature and Extent of Guaranty
Civil Code, Art. 2054 Nature and Extent of Guaranty
Civil Code, Art. 2047 Nature and Extent of Guaranty

Civil Code, Art. 2053 is found in CHAPTER 1 Nature and Extent of Guaranty of TITLE XV GUARANTY of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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