Article 2051

RA 386 · Civil Code of the Philippines

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A guaranty may be conventional, legal or judicial, gratuitous, or by onerous title.

Official text — RA 386

A guaranty may be conventional, legal or judicial, gratuitous, or by onerous title.

It may also be constituted, not only in favor of the principal debtor, but also in favor of the other guarantor, with the latter's consent, or without his knowledge, or even over his objection. (1823)

Source: lawphil.net (RA 386 as amended)

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