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Article 2063

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

A compromise between the creditor and the principal debtor benefits the guarantor but does not prejudice him.

Official text — RA 386

A compromise between the creditor and the principal debtor benefits the guarantor but does not prejudice him. That which is entered into between the guarantor and the creditor benefits but does not prejudice the principal debtor. (1835a)

Source: lawphil.net (RA 386 as amended)

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