Practice question
A creditor releases one co-guarantor's P20,000 share without the others' consent. Under Article 2078, how does this affect the other guarantors?
- They benefit to the extent of that released P20,000 share.
- They automatically become liable for double their shares.
- Their liability necessarily increases by P20,000 each.
- They receive ownership of the creditor's house.
- The release has no possible effect on them.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Article 2078.
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