TITLE XV
Guaranty
CHAPTER 1
Nature and Extent of Guaranty
ARTICLE 2047.
Definition of suretyship
Agro Conglomerates, Inc. vs CA 117660
December 18, 2000
Garcia Jr vs Court of Appeals G.R. No. 80201.
November 20, 1990
Visayan Surety & Insurance Corp vs CA 127261
September 7, 2001
The Manila Insurance Company, Inc. Vs. Spouses
Amurao G.R. No. 179628, Jan 16, 2013
Law applicable to contract of suretyship
MANILA SURETY AND FIDELITY vs batu, G.R.
No. L-9353 May 21, 1957
Autocorp Group Vs. Intra Strata Assurance Corp
G.R. No. 166662, June 27, 2008
Salvador P. Escano et al. Vs. Rafael Ortigas Jr G. R.
No. 151953, June 29, 2007
Trade and Investment Devt Corp Vs. Asia Paces
Corp G.R. No. 187403, Feb 12, 2014
Ong vs PCIB 160466 January 17, 2005
Special Steel Products Inc vs Villereal 143304 July
8, 2004
MERCANTILE INSURANCE CO vs Ysmael G.R.
No. L-43862 January 13, 1989
E Zobel Inc vs CA _ 113931 _ May 6, 1998 _ J
Philippine Bank of Commerce v Aruego G.R. Nos.
L-25836-37 January 31, 1981
Bicol Savings & Loan Association vs. Court of
Appeals, G.R. No. 85302, March 31, 1989
Bicol Savings vs. Guinhawa G.R. No. 62415, Aug
20, 1990
Molina v De la Riva G.R. No. 3412 January 19,
1907
PNB vs Macapanga Producers Inc G.R. No. L-8349,
May 23, 1956
Common law guaranty and suretyship
HIGGINS vs Sellner G.R. No. L-158025 November
5, 1920
Salvador P. Escano et al. Vs. Rafael Ortigas Jr G. R.
No. 151953, June 29, 2007
Diamond Builders Vs. Country Bankers Ins Corp.
G.R. No. 171820, Dec 13, 2007
Where party binds himself solidarily with principal
debtor
Palmares vs Court of Appeals G.R. No. 126490.
March 31, 1998
Security Bank & Trust Co vs Cuenca 138544
October 3, 2000
Tañedo vs Allied Banking Corp 136603 January
18, 2002
Nature of surety’s undertaking
Liability is contractual and accessory but direct
Garcia Jr vs Court of Appeals G.R. No. 80201.
November 20, 1990
PNB v Pineda & Tayabas Cem G.R. No. L-46658,
May 13, 1991
Philippine National Bank vs. Court of Appeals G.R.
No. 33174 July 4, 1991
Molino vs. Security Diners G.R. No. 136780.
August 16, 2001
Tiu Hiong Guan, et al. Vs. Metropolitan Bank &
Trust co. G.R. No. 144339, Aug 9, 2006
Mariano Lim Vs. Security Bank Corporation G.R.
No. 188539, March 12, 2014
Suico Rattan & Buri Interiors Vs. CA G.R. No.
138145, June 15, 2006
JAPRL Devt Corp Vs. Security Bank Corp, G.R. No.
190107, June 6, 2011
Velasquez vs CA _ 124049 _ June 30, 1999 _ J
Prudential Guarantee and Assu Inc. Vs. ANSCOR
Land G.R. No. 177240, Sept 8, 2010
Security Pacific vs Infante 144740 August 31,
2005
Ermita Garon Vs. Project Movers Reality G.R. No.
166058, April 4, 2007
Palmares vs Court of Appeals G.R. No. 126490.
March 31, 1998
Paramount Insurance Corp vs CA 110086 July 19,
1999
Phil Charter Insurance Corp Vs. Petroleum
Distributors G.R. No. 180898, April 18, 2012
Gilat Satellite Networks Ltd., Vs. UCPB Gen Ins
G .R. No. 189563, April 7, 204
Liability is limited by terms of the contract
PCIB vs CA & Alpha Ins, G.R. No. L-34959, March
18, 1988
UMALI vs CA Bormaheco Inc G.R. No. 89561
September 13, 1990
PNB vz. Luzon Surety & Depusoy G.R. No. 33174
July 4, 1991
CENTRAL SURETY and INS CO vs Ubay G.R. No.
L-40334, Feb 28, 1985
Trade & Investment vs Roblett Industrial Const Corp
G.R. No. 139290, Nov 11, 2005
Philippine Charter Insurance Corp Vs. PNCC, G.R.
No. 185066, October 2, 2009
Intra-Strata Assurance Corp Vs. Rep of the Phil.
G.R. No. 156571, July 9, 2008
People's Trans-East Asia Vs. Doctors of New
Millennium, G.R. No. 172404, Aug 13, 2014
Liability arises only if principal debtor is held liable
Govt of the RP vs Tizon G.R. No. L-22108 August
30, 1967
PNB v Pineda & Tayabas Cem G.R. No. L-46658,
May 13, 1991
Empire Insurance Co vs NLRC 121879 August 14,
1998
FINMAN GENERAL ASSURANCE COR vs Salik
G.R. No. 84084 August 20, 1990
MALAYAN INSURANCE CO vs salas G.R. No. L-
48820, May 25, 1979
Sps. Yu vs. Ngo Yet Te etc G.R. NO. 155868, Feb
6, 2007
NATIONAL SHIPYARDS vs Torrento G.R. No. L-
21109 June 26, 1967
Gateway Electronics Corp Vs. Asianbank Corp G.R.
No. 172041, Dec 18, 2008
First Lepanto-Taisho Insurance Corp Vs. Chevron
Phils, G.R. No. 177839, Jan 18, 2012
UMALI vs CA Bormaheco Inc G.R. No. 89561
September 13, 1990
People vs. Maniego, G.R. No. L-30910 February 27,
1987
MANILA RAILROAD COMPANY vs Alvendia
G.R. No. L-22137 May 19, 1966
SINGSON vs. BAbida et al G.R. No. L-30096, Sept
27, 1977
Surety is not entitled to exhaustion
Towers vs Ororama, G.R. No. L-45848, Nov 9, 1977
Gilat Satellite Networks Vs. UCPB General
Insurance G .R. No. 189563, April 7, 2014
Associacion De Agricultures v. Talisay-Silay Milling
G.R. No. L-19937, Feb 19, 1979
Undertaking is to creditor, not to debtor
ARRANZ vs Manila Fidelity G.R. No. L-9674, April
29, 1957
Surety is not entitled to notice of the principal’s
default
Palmares vs Court of Appeals G.R. No. 126490.
March 31, 1998
Gilat Satellite Networks Vs. UCPB General Ins Co.,
Inc. G .R. No. 189563, April 7, 2014
Prior demand by the creditor upon a principal not
required
Surety is not exonerated by neglect of creditor to sue
principal
Suretyship for future debts
Mariano Lim Vs. Security Bank Corporation G.R.
No. 188539, March 12, 2014
Guaranty distinguished from suretyship
E Zobel Inc vs CA _ 113931 _ May 6, 1998 _ J
Trade and Investment Devt Corp Vs. Asia Paces
Corp G.R. No. 187403, Feb 12, 2014
Phil Export & Foreign Loan vs V.P. Eusebio Const
G.R. No. 140047. July 13, 2004
PBCom vs Lim 158138 April 12, 2005
HIGGINS vs Sellner G.R. No. L-158025 November
5, 1920
US vs VAradero G.R. No. 14370, September 1, 1919
Palmares vs Court of Appeals G.R. No. 126490.
March 31, 1998
Guarantor not insurer of debt guaranteed
MACHETTI vs Hospicio G.R. No. L-16666, April
10, 1922
Ong vs PCIB 160466 January 17, 2005
LIRAG TEXTILE MILLS vs SSS, G.R. No. L-
33205, Aug 31, 1987
MANILA SURETY AND FIDELITY vs batu, G.R.
No. L-9353 May 21, 1957
Palmares vs Court of Appeals G.R. No. 126490.
March 31, 1998
Terminology used by the parties not controlling
Reiss vs Memije G.R. No. L-5447 March 1, 1910
Int'l Finance Corp vs Imperial Textile Mills Inc, G.R.
No. 160324, Nov 15, 2005
Dr. Cecilia De Los Santos Vs. Dr. Priscila Bautista
Vibar July 16, 2008, G.R. No. 150931
MACHETTI vs Hospicio G.R. No. L-16666, April
10, 1922
PICZON vs Piczon & Sosing-Lobos G.R. No. L-
29139 November 15, 1974
Int'l Finance Corp vs Imperial Textile Mills Inc
160324 November 15, 2005
Louisiana Bank and Trust Co., Crowley v. Boutte,
309 So. 2d 274
Guaranty and endorsement distinguished
Guaranty and warranty distinguished
ARTICLE 2048.
Guaranty general gratuitous
Cause of contract of guaranty
Presence of cause which supports principal obligation
Pyle vs Johnson G.R. No. L-3755 November 23,
1907
Phil Guaranty vs Dinio G.R. No. L-10547, Jan 31,
1958
Absence of direct consideration received by
guarantor
RCBC vs Arro G.R. No. L-49401, July 30, 1982
Spouses Evangelista vs Mercator Finance Corp
G.R. No. 148864. August 21, 2003
Absence of direct or personal interest of guarantor
over the obligation
Garcia Jr vs Court of Appeals G.R. No. 80201.
November 20, 1990
Willex Plastic Industries, Corp. vs. CA G.R. No.
103066. April 25, 1996
Phil. Pryce Assurance Corp. vs. Court of Appeals, et
al. G.R. No. 107062 February 21, 1994
SEVERINO VS SEVERINO G.R. No. 34642
September 24, 1931
ARTICLE 2049.
ARTICLE 2050.
ARTICLE 2051.
ARTICLE 2052.
Necessity of valid principal obligation
Dino vs CA G.R. No. 89775, Nov 26, 1992
RCBC vs Arro G.R. No. L-49401, July 30, 1982
THE MUNICIPALITY OF GASAN vs Marasigan
G.R. No. 43486 September 30, 1936
PLARIDEL SURETY vs Artex G.R. No. L-30554,
Feb 28, 1983
Guaranty of voidable, unreasonable, and natural
obligations
ARTICLE 2053.
Guaranty of future debts

ATOK FINANCE CORPORATION vs CA, G.R.
No. 80078, May 18, 1993
Aniceto G. Saludo, Jr. Vs. Security Bank Corporation
G.R. No. 184041, Oct 13, 2010
Mariano Lim Vs. Security Bank Corporation, G.R.
No. 188539, March 12, 2014
Tañedo vs Allied Banking Corp 136603 January
18, 2002
Dino vs CA G.R. No. 89775, Nov 26, 1992
Gateway Electronics Corp Vs. Asianbank Corp
G.R. No. 172041, Dec 18, 2008
To secure payment of a loan at maturity
RCBC vs Arro G.R. No. L-49401, July 30, 1982
To secure payment of any debt to be subsequently
incurred
Dino vs CA G.R. No. 89775, Nov 26, 1992
Fortune Motors (Phil) Corp vs CA 112191
February 7, 1997
South City Homes Inc vs Ba Finance Corp 135462
December 7, 2001
Phil Blooming Mills vs CA G.R. No. 142381.
October 15, 2003
C & C Commercial vs PNB G.R. No. L-42449
July 5, 1989
Bank of Commerce Vs. Spouses Andres and Eliza
Flores G.R. No. 174006, Dec 8, 2010
Willex Plastic Industries, Corp. vs. CA G.R. No.
103066. April 25, 1996
Garcia vs CA _ 119845 _ July 5, 1996
To secure existing unliquidated debts
ATOK FINANCE CORPORATION vs CA, G.R.
No. 80078, May 18, 1993
Guaranty of conditional obligations
ARTICLE 2054.
Guarantor’s liability cannot exceed principal’s
obligation
Pacific Banking Corp vs. IAC G.R. No. 72275
November 13, 1991
Guaranty is a subsidiary and accessory contract
Interest, judicial costs, and attorney’s fees as part of
damages may be recovered
Dino vs CA G.R. No. 89775, Nov 26, 1992
Republic vs. CA & R & B Surety, G.R. No. 103073,
March 13, 2001
PLARIDEL SURETY vs Galang G.R. No. L-9542,
Jan 11, 1957
Tagawa vs Aldanese G.R. No. 18636, Sept 28, 1922
Commonwealth Insurance Vs. Court of Appeals,
G.R. No. 130886. Jan 29, 2004
PNB vz. Luzon Surety & Depusoy G.R. No. 33174
July 4, 1991
MANILA SURETY vs CA & Quasha G.R. No.
55466, Dec 3, 1990
ASIAN SURETY vs Nolasco G.R. No. L-24709,
Oct 20, 1977
GENERAL INSURANCE vs Republic & Central
Luzon G.R. No. L-13873, Jan 31, 1963
Principal’s liability may exceed guarantor’s
obligation
Visayan Distributors vs Flores G.R. No. L-3751,
Oct 25, 1952
ARTICLE 2055.
Guaranty not presumed
ALVARAN vs Marquez G.R. No. 4465, Sept 10,
1908
BPI vs Coster G.R. No. 23181, March 16, 1925
BA Finance vs Court of Appeals G.R. No. 94566.
July 3, 1992
Reason for the rule
Guaranty covered by the Statute of Fraud
MACONDRAY vs Pinon G.R. No. L-13817,
August 31, 1961
Fideliza J. Aglibot Vs. Ingersol L. Santia G.R. No.
185945, Dec 5, 2012
Guaranty strictly construed
STANDARD OIL CO vs Cho Siong G.R. No. L-
29588 December 29, 1928
LA INSULAR vs. Go-Tauco G.R. No. 13307, Feb 3,
1919
DIRECTOR OF PUBLIC WORKS vs Sing Juco
G.R. No. 30181, July 12, 1929
MAGDALENA ESTATES vs Rodgriguez G.R. No.
L-18411, Dec 17, 1966
PNB vz. Luzon Surety & Depusoy G.R. No. 33174
July 4, 1991
Liability for obligation stipulated
EL VENCEDOR vs Canlas G.R. Nos. 18774 &
18876, March 27, 1923
TRADERS INSURANCE vs Dy Eng Giok G.R.
No. L-9073, Nov 17, 1958
Willex Plastic Industries, Corp. vs. CA G.R. No.
103066. April 25, 1996
Ramon R. Olbes Vs. China Banking Corp G.R. No.
152082, March 10, 2006
Guaranty to render an Accounting
UY ALOC vs Cho G.R. No. 8785, March 30, 1914
Guaranty with a term subsequently canceled
THE MUNICIPALITY OF GASAN vs Marasigan
G.R. No. 43486 September 30, 1936
Liability of surety limited to a fixed period
GENERAL INSURANCE vs Republic & Central
Luzon G.R. No. L-13873, Jan 31, 1963
Jollye vs. BArcelon G.R. No. 45213, May 24, 1939
SANTOS vs Mejia G.R. No. L-6383-84, Dec 29,
1953
SOLON vs Solon G.R. No. 42490, Sept 9, 1937
LA INSULAR vs. Go-Tauco G.R. No. 13307, Feb 3,
1919
Dino vs CA G.R. No. 89775, Nov 26, 1992
Liability of surety in case of renewal or extension
Philippine American General vs Mutuc G.R. No.
L-19632, Nov 13, 1974
Autocorp Group Vs. Intra Strata Assurance Corp
G.R. No. 166662, June 27, 2008
Liability of surety to expire on maturity of principal
obligation
Ongsiako vs World Wide G.R. No. L-12077, June
27, 1958
Liability of surety to pay in case of forfeiture of
imported goods
PHILIPPINE INTERNATIONAL vs Comm of
Customs, G .R. No. L-22209, Dec 17, 1966
Bond requires lessor to report to surety any violation
by lessee
Pastoral vs Mutual Security G.R. No. L-20469, Aug
31, 1965
Bond issued to secure defendant from possible
damages as a result of injunction
Jao vs Royal Financing G.R. No. L-16716, April 28,
1962
Bond issued in favor of plaintiff who filed a case for
collection
ZENITH INSURANCE CORP vs CA G.R. No. L-
57957, Dec 29, 1982
PCIB vs CA & Alpha Ins, G.R. No. L-34959, March
18, 1988
CENTRAL SURETY and INS CO vs Ubay G.R. No.
L-40334, Feb 28, 1985
Visayan Surety & Insurance Corp vs CA 127261
September 7, 2001
PNB vs Luzon Surety G.R. No. L-29587, Nov 28,
1975
Contract requires that notice of principal’s default be
given to surety
UMALI vs CA Bormaheco Inc G.R. No. 89561
September 13, 1990
EL VENCEDOR vs Canlas G.R. Nos. 18774 &
18876, March 27, 1923
MANILA TERMINAL CO vs Hiponia G.R. No. L- Where guaranty is definite
10793, May 24, 1957
Security Bank & Trust Co vs Cuenca 138544
BPI v FORESTER G.R. No. L-25811, Dec 31, October 3, 2000
1926
Aguenza vs Metropolitan Bank & Trust Co. _ April
STANDARD OIL CO vs Cho Siong G.R. No. L- 7, 1997 _ J
29588 December 29, 1928 Where guaranty is indefinite or simple

MUNICIPALITY OF LEMERY vs Mendoza & Blas REPUBLIC vs Pal-Fox Lumber G.R. No. L-26473,
G.R. No. 23871, Dec 7, 1926 Feb 29, 1972

Wise & Co. (Ltd.) v. James Kelly G.R. No. L-

11073, Feb 21, 1918 Liability of guarantor for judicial costs

Acceptance of guaranty by creditor and notice thereof

to guarantor
Strictissimi juris rule applicable only to
accommodation surety When necessary

PHILIPPINE NATIONAL BANK vs Garcia G.R.

PACIFIC TOBACCO CORP v LORENZANA No. 23175, March 18, 1925
G.R. No. L-8086 October 31, 1957
PHILIPPINE NATIONAL BANK vs Escueta G.R.
Pastoral vs Mutual Security G.R. No. L-20469, Aug No. 26118, Dec 31, 1926
31, 1965

Palmares vs Court of Appeals G.R. No. 126490. When not necessary

March 31, 1998

TEXAS COMPANY vs Alonso G.R. No. 47495,

Aug 14, 1941

Rule of strict construction not applicable to MACONDRAY vs Pinon G.R. No. L-13817,
compensated sureties August 31, 1961

Perfecta Poblete v. Lo Singco G.R. No. L-19439

Jan 17, 1923
PNB vs Luzon Surety G.R. No. L-29587, Nov 28,
1975 Pastoral vs Mutual Security G.R. No. L-20469, Aug
31, 1965
NATIONAL POWER CORP vs CA G.R. No. L-
43706, Nov 14, 1986

PAO CHUAN WEI vs Reposito Nomorosa G.R. ARTICLE 2056.

No. L-10292, Feb 28, 1958
ARTICLE 2057.
COSMOPOLITAN INSURANCE CO vs Reyes
G.R. No. L-20199, Nov 23, 1965 Qualifications of guarantor

COMMISSIONER OF IMMIGRATION vs Asian

Surety G.R. No. L-22552, Jan 3, 1969 Effect of subsequent loss of required qualification

NATIONAL MARKETING CORP vs Marquez Hemady vs Luzon Surety G.R. No. L-8437, Nov 28,
G.R. No. L-25553, Jan 31, 1969 1956

REPARATIONS COMMISSION vs Northern Lines

G.R. No. L-24835, July 31, 1970 Selection of guarantor

Pastoral vs Mutual Security G.R. No. L-20469, Aug CHAPTER 2

31, 1965 Effects of Guaranty

PACIFIC TOBACCO CORP v LORENZANA SECTION 1

G.R. No. L-8086 October 31, 1957 Effects of Guaranty Between the Guarantor and the
Creditor
Extent of guarantor’s liability
ARTICLE 2058. Imperial Insurance vs. Delos Angeles G.R. No. L-
28030 January 18, 1982

Right of guarantor to benefit of excussion or

exhaustion
Insolvency of debtor proven by unsatisfied writ of
execution
JN Dev't Corp vs Phil Export and Foreign Loan
151060 _ August 31, 2005 MACHETTI vs Hospicio G.R. No. L-16666, April
10, 1922
WISE & CO v TANGLAO G.R. No. L-42518
August 29, 1936 Debtor absconds or cannot be locally sued

Resort to all legal remedies a useless formality

Duty of creditor to secure judgment against debtor
prior to exhaustion
ARTICLE 2060.

Baylon vs CA _ 109941 _ August 17, 1999 _ J ARTICLE 2061.

Fideliza J. Aglibot Vs. Ingersol L. Santia G.R. No.

185945, Dec 5, 2012 Duty of creditor to make prior demand for payment
from guarantor
SOUTHERN MOTORS vs Barbosa G.R. No. L-
9306, May 25, 1956 Vda de Syquia vs. Jacinto G.R. No. 41320, Nov 9,
1934
Tupaz IV vs CA 145578 November 18, 2005
Baylon vs CA _ 109941 _ August 17, 1999 _ J
PRUDENTIAL BANK vs IAC G.R. No. 74886,
Dec 8, 1992
Condition for guarantor to set up benefit of excussion
Jaucian vs Querol G.R. No. L-11307 October 5,
1918

LUZON STEEL CORPORATION vs Sia G.R. No.

ARTICLE 2059. L-26449, May 15, 1969

Exceptions to benefit of exhaustion Bitanga v. Pyramid Construction G.R. No. 173526,

Aug 28, 2008

Philamgen vs Ramos G.R. No. L-20978, Feb 28, Arroyo vs. Jungsay G.R. No. 10168, July 22, 1916
1966

SOUTHERN MOTORS vs Barbosa G.R. No. L- ARTICLE 2062.

9306, May 25, 1956
Joinder of guarantor and principal as parties
Saavedra vs Price G.R. No. L-46702 October 6, defendant
1939

US vs VAradero G.R. No. 14370, Sept 12, 1919

Exceptions provided in Article 2059 PRUDENTIAL BANK vs IAC G.R. No. 74886,
Dec 8, 1992

Right waived Procedure when creditor sues

Towers vs Ororama, G.R. No. L-45848, Nov 9, 1977

Tupaz IV vs CA 145578 November 18, 2005
MALAYAN INSURANCE CO vs salas G.R. No. L-
48820, May 25, 1979
Liability assumed that of surety
ARTICLE 2063.

LUZON STEEL CORPORATION vs Sia G.R. No. ARTICLE 2064.

L-26449, May 15, 1969
ARTICLE 2065.
Govt of the Phil Islands vs Visayan Surety, G.R.
No. 46193, October 10, 1938 Benefit of division among several guarantor
Cacho vs Valles G.R. No. 19493, Aug 27, 1923 Cruz v Filipinas Investment G.R. No. L-24772
May 27, 1968

Benefit of division among several guarantors Pascual vs Universal Motors G.R. No. L-27862,
Nov 20, 1974
MIRA HERMANOs vs Manila Tobacconist G.R.
No. 48979, Sept 29, 1943 RCBC Vs. Teodoro G. Bernardino G.R. No.
183947, Sept 21, 2016
Benefit of excussion among several guarantors
ARTICLE 2068.
SECTION 2
Effects of Guaranty Between the Debtor and the ARTICLE 2069.
Guarantor
Effect of payment by guarantor before/after maturity
ARTICLE 2066.
JN Dev't Corp vs Phil Export and Foreign Loan
Guaranty a contract of indemnity 151060 _ August 31, 2005

Total amount of the debt ARTICLE 2070.

TUASON VS MACHUCA G.R. No. L-22177 ARTICLE 2071.

December 2, 1924
Right of guarantor to proceed against debtor before
SAENZ DE VIZMANOS ONG vs Yap Chuan G.R. payment
No. L-5470 March 22, 1910
MANILA SURETY AND FIDELITY vs batu, G.R.
Legal interest thereon No. L-9353 May 21, 1957

PNB vs Luzon Surety G.R. No. L-29587, Nov 28, Special Steel Products Inc vs Villareal 143304 July
1975 8, 2004

Republic vs. CA & R & B Surety, G.R. No. 103073,

March 13, 2001 Remedy to which guarantor entitled

Expenses incurred by the guarantor PEREZ vs BArcia G.R. No. 29120, Oct 11, 1928

Release of the guarantee

TUASON VS MACHUCA G.R. No. L-22177
December 2, 1924 MANILA SURETY vs Almeda G.R. No. L-27249,
July 31, 1970
Damages, if they are due
Articles 2066 and 2071 distinguished
Exceptions to the right to indemnity or
reimbursement KUENZLE AND STREIFF vs Tan Sunco G.R. No.
L-5208, Dec, 1909

ARTICLE 2067. Suit for payment

Guarantor’s right to subrogation KUENZLE AND STREIFF vs Tan Sunco G.R. No.
L-5208, Dec 1, 1909
Salvador P. Escano et al. Vs. Rafael Ortigas Jr G. R.
No. 151953, June 29, 2007 GENERAL INDEMNITY CO VS ALVAREZ G.R.
No. L-9434 March 29, 1957
PEREZ vs BArcia G.R. No. 29120, Oct 11, 1928
Banzon vs Cruz G.R. No. L-31789 June 29,
Somes vs Molina G.R. No. L-5160 February 3, 1972
1910
Recovery by surety against indemnitor even before
Urrutia vs Morena & REyes G.R. No. 8147, Oct 26, payment
1914
MERCANTILE INSURANCE CO vs Ysmael G.R.
SAENZ DE VIZMANOS ONG vs Yap Chuan G.R. No. L-43862 January 13, 1989
No. L-5470 March 22, 1910
Cochingyan vs R & B Surety G.R. No. L-47369.
Gidwani & Sharuff vs. Domestic Ins Co G.R. No. June 30, 1987
L-31442 June 24, 1983
MANILA SURETY vs CA & Quasha G.R. No.
55466, Dec 3, 1990
Security Bank vs Globe Assurance G.R. No. L-
13708 April 27, 1960
COSMOPOLITAN INSURANCE CO vs Reyes
G.R. No. L-20199, Nov 23, 1965
ARTICLE 2072.
SECTION 3.
Effects of Guaranty as Between Co-Guarantors
ARTICLE 2073.
ARTICLE 2074.
ARTICLE 2075.
CHAPTER 3
Extinguishment of Guaranty
ARTICLE 2076.
Causes of extinguishment of guaranty
Allen McConn v. Paul Haragan, et al. G.R. No. L-
16550 January 31, 1962
Stronghold Ins Co, Inc. Vs. Republic-Asahi Glass
G.R. No. 147561, June 22, 2006
Material alteration of principal contract
Garcia Jr vs Court of Appeals G.R. No. 80201.
November 20, 1990
PACIFIC TOBACCO CORP v LORENZANA
G.R. No. L-8086 October 31, 1957
Philippine National Bank v. Eugenio Veraguth, et al.
G.R. No. L-26833 April 1, 1927
Security Bank & Trust Co vs Cuenca 138544
October 3, 2000
Visayan Distributors vs Flores G.R. No. L-3751,
Oct 25, 1952
NATIONAL SHIPYARDS vs Torrento G.R. No. L-
21109 June 26, 1967
BArreto vs. Albo B G.R. No. 41768, Dec 17, 1935
ASIATIC PETROLEUM COMPANY vs Hizon
G.R. No. 20588, Dec 17, 1923
PHILIPPINE NATIONAL BANK vs CA & Phil
Phoenix G.R. No. L-30937, January 21, 1987
PHILIPPINE NATIONAL BANK vs Escueta G.R.
No. 26118, Dec 31, 1926
PNB vs Macapanga Producers Inc G.R. No. L-8349,
May 23, 1956
J.V. HOUSE vs. DE LA COSTA G.R. No. L-
46534 October 16, 1939
Citizen Surety vs. CA G.R. No. L-48958, June 28,
1988
ARTICLE 2077.
ARTICLE 2078.
Release of guarantor without consent by others
ARANETA vs Commonwealth Insurance G.R. No.
L-11584, April 28, 1958
ARTICLE 2079.
Release by extension of term granted by creditor to
debtor
Trade and Investment Devt Corp Vs. Asia Paces
Corp G.R. No. 187403, Feb 12, 2014
l.
Cochingyan vs R & B Surety G.R. No. L-47369.
June 30, 1987
Security Bank & Trust Co vs Cuenca 138544
October 3, 2000
HONGKONG & Shanghai vs Aldecoa G.R. No.
8437, March 23, 2015
BAnco ESpanol vs Donaldson G.R. No. 2422, Dec
14, 1905
Shannon vs Phil Lumber G.R. No. 41795, Aug 30,
1935
Lerma vs Reyes G.R. No. L-12081 May 30, 1958
PRUDENCIO vs CA G.R. No. L-34539, July 14,
1986
Toh vs Solid Bank Corp 154183 August 7, 2003
VILLA vs Garcia Bosque G.R. No. 24543, July 12,
1926
RADIO CORP OF THE PHILS vs Roa G.R. No.
42829, Sept 30, 1935
PEOPLES BANK AND TRUST COMPANY vs
Tambunting G.R. No. L-29666, Oct 29, 1971
Tañedo vs Allied Banking Corp 136603 January
18, 2002
JN Dev't Corp vs Phil Export and Foreign Loan
151060 _ August 31, 2005
GENERAL INSURANCE vs Republic & Central
Luzon G.R. No. L-13873, Jan 31, 1963
BPI vs Albaladejo G.R. No. L-30490 March 27,
1929
Clark vs Sellner G.R. No. 16477, Nov 22, 1921
Palmares vs Court of Appeals G.R. No. 126490.
March 31, 1998

Filipinas Textile Mills Inc vs CA 119800

November 12, 2003

Shannon vs Phil Lumber G.R. No. 41795, Aug 30,

1935

ARTICLE 2080.

Release when guarantor cannot be subrogated

Toh vs Solid Bank Corp 154183 August 7, 2003

PNB v MANILA SURETY G.R. No. L-20567 July

30, 1965

E Zobel Inc vs CA _ 113931 _ May 6, 1998 _ J

Bicol Savings vs. Guinhawa G.R. No. 62415, Aug

20, 1990

ARTICLE 2081.

CHAPTER 4
Legal and Judicial Bonds

ARTICLE 2082.

Meaning and form of bond

Com of Customs vs Alikpala G.R. No. L-32542,

Nov 26, 1970

Qualifications of personal bondsman

Nature of bonds

Rolando E. Cawaling Vs. Napoleon M. Menese

A.C. No. 9698, Nov 13, 2013

GERARDO vs Plaridel Surety G.R. No. L-7807, Oct

31, 1956

ARTICLE 2083.

ARTICLE 2084.

Bondsman not entitled to excussion

Cristeta Almarza Vs. Fernando Salas G.R. No.

23977, July 22, 1925

Effect of negligence of creditor

PNB v MANILA SURETY G.R. No. L-20567 July

30, 1965