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Inciong vs. Court: Guarantor Status Dispute by Margie Marj Galban is a document available to read on EtoBox.
Baldomero Inciong signed a promissory note along with two others making them jointly and severally liable to a bank. When Inciong and another obligor failed to pay upon demand, the bank filed a collection case against all three. Inciong argued he was only a guarantor based on code provisions about guarantors being released if the creditor impairs their right to subrogation. However, the Court held that Inciong signed as a solidary co-maker, not a guarantor, as the note expressly stated the signatories were
- Author
- Margie Marj Galban
- Language
- EN