Text of the provision
Art. 1629. In case the assignor in good faith should have made himself responsible for the solvency of the debtor, and the contracting parties should not have agreed upon the duration of the liability, it shall last for one year only, from the time of the assignment if the period had already expired. If the credit should be payable within a term or period which has not yet expired, the liability shall cease one year after the maturity.
(1530a)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
Where the assignor warranted the debtor's solvency but no duration was fixed, the warranty lasts one year — from the assignment (if the debt was already due) or from maturity (if not yet due).
Related provisions
- Article 1628 — Assignor's Warranty (Existence, Not Solvency).
- Article 1630 — Sale of an Inheritance in Bulk.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.