Practice question
Does full valid payment of the only principal debt ordinarily leave an accessory guaranty collectible for that same unpaid principal?
- No;2076 links extinction to the debtor’s obligation.
- Yes; a guarantor must always pay the principal twice.
- Only the document’s ink decides.
- The guaranty automatically creates a new unrelated debt.
- Payment never affects any guaranty.
Legal references
- Civil Code Articles2052,2056-2057,2066,2071-2084 and2126-2130: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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