Civil Code Art. 2063: Effects of Guaranty

Statute: Civil Code
Article: Art. 2063
Topic: Effects of Guaranty
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

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)

Cases applying this article

Spouses Alfredo v. Philippine Commercial International Bank G.R. No. 160466

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