Civil Code Art. 2060: Effects of Guaranty

Statute: Civil Code
Article: Art. 2060
Topic: Effects of Guaranty
Book: BOOK IV Obligations and Contracts
Title: TITLE XV GUARANTY
Chapter: CHAPTER 2 Effects of Guaranty
Formerly: Art. 1832 of the old Civil Code
Year: 1949

The provision

In order that the guarantor may make use of the benefit of exclusion, he must set it up against the creditor upon the latter's demand for payment from him, and point out to the creditor available property of the debtor within Philippine territory, sufficient to cover the amount of the debt. (1832)

Cases applying this article

Benjamin Bitanga v. Pyramid Construction Engineering Corporation G.R. No. 173526

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