Article 2065
ELI5— what this means for you
Should there be several guarantors of only one debtor and for the same debt, the obligation to answer for the same is divided among all.
Official text — RA 386
Should there be several guarantors of only one debtor and for the same debt, the obligation to answer for the same is divided among all. The creditor cannot claim from the guarantors except the shares which they are respectively bound to pay, unless solidarity has been expressly stipulated.
The benefit of division against the co-guarantors ceases in the same cases and for the same reasons as the benefit of excussion against the principal debtor. (1837)
Source: lawphil.net (RA 386 as amended)
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