Practice question
Which financial qualification does Article 2056 generally require of an offered guarantor or bondsman to whom it applies?
- No property at all.
- Only a hope of inheriting assets.
- Only a verbal promise from an unrelated person.
- Sufficient property to answer for the guaranteed obligation.
- Ownership of the creditor’s property.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, articles 2056 and2082–2084.
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