Article 2055
ELI5— what this means for you
A guaranty is not presumed; it must be express and cannot extend to more than what is stipulated therein.
Official text — RA 386
A guaranty is not presumed; it must be express and cannot extend to more than what is stipulated therein.
If it be simple or indefinite, it shall compromise not only the principal obligation, but also all its accessories, including the judicial costs, provided with respect to the latter, that the guarantor shall only be liable for those costs incurred after he has been judicially required to pay. (1827a)
Source: lawphil.net (RA 386 as amended)
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