Article 2079
RA 386 · Civil Code of the Philippines
ELI5— what this means for you
An extension granted to the debtor by the creditor without the consent of the guarantor extinguishes the guaranty.
Official text — RA 386
An extension granted to the debtor by the creditor without the consent of the guarantor extinguishes the guaranty. The mere failure on the part of the creditor to demand payment after the debt has become due does not of itself constitute any extension of time referred to herein. (1851a)
Source: lawphil.net (RA 386 as amended)
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