Civil Code Art. 2063: Effects of Guaranty

Statute: Civil Code
Article: Art. 2063
Topic: Effects of Guaranty
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE XV GUARANTY
Chapter: CHAPTER 2 Effects of Guaranty
Formerly: Art. 1835a of the old Civil Code
Year: 1949
Cited by: A Supreme Court decision

The provision

A compromise between the creditor and the principal debtor benefits the guarantor but does not prejudice him. That which is entered into between the guarantor and the creditor benefits but does not prejudice the principal debtor. (1835a)

Intellegal Wiki · In plain terms

A settlement between the creditor and the principal debtor can benefit the guarantor but cannot make his position worse. Likewise, a settlement between the guarantor and the creditor can benefit the principal debtor but cannot prejudice him.

An editorially maintained plain-language explanation of this provision — not legal advice.

Cases applying this article

Ong v. Philippine Commercial G.R. No. 160466

Related provisions in this Chapter

Civil Code, Art. 2060 Effects of Guaranty
Civil Code, Art. 2066 Effects of Guaranty
Civil Code, Art. 2059 Effects of Guaranty
Civil Code, Art. 2058 Effects of Guaranty
Civil Code, Art. 2071 Effects of Guaranty

Civil Code, Art. 2063 is found in CHAPTER 2 Effects of Guaranty of TITLE XV GUARANTY of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

Browse the Civil Code

Search Philippine statutes on Intellegal →

Continue your research on Intellegal

Search Philippine statutes on Intellegal →

Reviewed by the Intellegal Legal Team for currency against amending laws and Supreme Court jurisprudence.

Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.