Security Transactions: Guaranty

A. General Concepts

Art. 2047, Art. 2048, Art. 2051

B.  Form of Guaranty

Art. 2055, Art. 1403

C.  Obligations Secured

     Art. 2052 to 2054

D. Parties to a Guaranty

Art. 2056. Art. 2057, Art. 2049, Art. 2064, Art. 2065

E. Benefit of Excussion

Art. 2058 to 2064, Art. 2081

Tupaz IV & Tupaz v. Court of Appeals & Bank of the Philippine Islands, G.R. No. 145578, November 18, 2005, 475 SCRA 398.  

F.  Right to Protection

Art. 2071

G. Right to Indemnification

Art. 2066, Art. 2050, Art. 1236, Art. 2069, Art. 2070, Art. 2072

H. Right to Subrogation

Art. 2067, Art. 2050, Art. 1237, Art. 2068, Art. 2080

I. Rights of Co-Guarantors

      1.  Benefit of Division

      Art. 2065, Art. 2078

2. Right to Reimbursement
Art. 2073 to 2075.

J. Extinguishment and Right of Release

Art. 2076, Art. 2077, Art. 2079, Art. 2080