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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

A guarantor validly limits a P500,000 principal debt guaranty to P100,000. The creditor argues every guarantor must cover the entire principal amount. Which rule applies?

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A guarantor can never limit the undertaking Article 2054 permits a guarantor to bind oneself for less than the principal debtor The debtor's friendship controls the amount Every limited guaranty is necessarily void

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