Civil Code Art. 2079: Extinguishment of

Statute: Civil Code
Article: Art. 2079
Topic: Extinguishment of Guaranty
Book: BOOK IV Obligations and Contracts
Title: TITLE XV GUARANTY
Chapter: CHAPTER 3 Extinguishment of Guaranty
Formerly: Art. 1851a of the old Civil Code
Year: 1949

The provision

An extension granted to the debtor by the creditor without the consent of the guarantor extinguishes the guaranty. The mere failure on the part of the creditor to demand payment after the debt has become due does not of itself constitute any extension of time referred to herein. (1851a)

Cases applying this article

Spouses Vicky Tan Toh v. Solid Bank Corporation G.R. No. 154183

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