Article 2057
ELI5— what this means for you
If the guarantor should be convicted in first instance of a crime involving dishonesty or should become insolvent, the creditor may demand another who has all the qualifications required in the preceding article.
Official text — RA 386
If the guarantor should be convicted in first instance of a crime involving dishonesty or should become insolvent, the creditor may demand another who has all the qualifications required in the preceding article. The case is excepted where the creditor has required and stipulated that a specified person should be the guarantor. (1829a)
CHAPTER 2
Effects of Guaranty
Source: lawphil.net (RA 386 as amended)
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RELATED RIGHTS
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