Text of the provision
Art. 2053. A guaranty may also be given as security for future debts, the amount of which is not yet known; there can be no claim against the guarantor until the debt is liquidated. A conditional obligation may also be secured.
(1825a)
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
A guaranty may secure future debts of an unknown amount (a continuing guaranty), but there is no claim against the guarantor until the debt is liquidated; conditional obligations may also be secured.
Related provisions
- Article 2052 — Guaranty Needs a Valid Obligation.
- Article 2054 — Guarantor Bound for No More Than the Debtor.
Cases citing this article
- Mario C. Tan and Erlinda S. Tan vs. United Coconut Planters Bank, G.R. No. 213156, July 29, 2019 — read the decision on LawPhil →
- Mariano Lim vs Security Bank Corporation, G.R. No. 188539, March 12, 2014 — read the decision on LawPhil →
- Philippine Charity Sweepstakes Office (PCSO) vs. New Dagupan Metro Gas Corporation, et al, G.R. No. 173171, July 11, 2012 — read the decision on LawPhil →
- Bank of Commerce and Stephen Z. Taala vs. Spouses Andres and Eliza Flores, G.R. No. 174006, December 8, 2010 — read the decision on LawPhil →
- Philippine Blooming Mills, Inc., et al. vs. Court of Appeals, et al, G.R. No. 142381, October 15, 2003 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.