Civil Code Art. 2066: Effects of Guaranty

Statute: Civil Code
Article: Art. 2066
Topic: Effects of Guaranty
Book: BOOK IV Obligations and Contracts
Title: TITLE XV GUARANTY
Chapter: CHAPTER 2 Effects of Guaranty
Formerly: Art. 1838a of the old Civil Code
Year: 1949

The provision

The guarantor who pays for a debtor must be indemnified by the latter. The indemnity comprises: (1) The total amount of the debt; (2) The legal interests thereon from the time the payment was made known to the debtor, even though it did not earn interest for the creditor; (3) The expenses incurred by the guarantor after having notified the debtor that payment had been demanded of him; (4) Damages, if they are due. (1838a)

Cases applying this article

Philippine National Construction Corporation v. Asiavest Merchant Bankers (M) Berhad G.R. No. 172301

Related provisions in this Chapter

Civil Code, Art. 2063 Effects of Guaranty
Civil Code, Art. 2071 Effects of Guaranty
Civil Code, Art. 2060 Effects of Guaranty
Civil Code, Art. 2059 Effects of Guaranty
Civil Code, Art. 2058 Effects of Guaranty

Civil Code, Art. 2066 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).

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