A sub-guarantor, in case of the insolvency of the guarantor for whom he bound himself, is responsible to the co-guarantors in the same terms as the guarantor. (1846) CHAPTER 3 EXTINGUISHMENT OF GUARANTY
Civil Code · Book IV: Obligations and Contracts · Title XV: Guaranty
Chapter 2: Effects of Guaranty · Sec. 1: Effects of Guaranty between the Guarantor and the Creditor
Current text, as of October 24, 2026
A sub-guarantor, in case of the insolvency of the guarantor for whom he bound himself, is responsible to the co-guarantors in the same terms as the guarantor. (1846) CHAPTER 3 EXTINGUISHMENT OF GUARANTY
Consolidated by Alleba from the text of Republic Act No. 386 (Lawphil and the Supreme Court E-Library). Book I provisions on marriage, family relations and parental authority were repealed by the Family Code (Executive Order No. 209, 1987) and are shown for reference only. For information and research only, and not legal advice. For certified copies, refer to the Official Gazette or the issuing agency.