Article 2082
RA 386 · Civil Code of the Philippines
ELI5— what this means for you
The guaranty cannot exceed the principal obligation. A guaranty for more than what the debtor owes is void as to the excess.
Official text — RA 386
The bondsman who is to be offered in virtue of a provision of law or of a judicial order shall have the qualifications prescribed in article 2056 and in special laws. (1854a)
Source: lawphil.net (RA 386 as amended)
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