MCQOPTIONS
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| 1. |
When is the guarantor liable for the obligation of the debtor? |
| A. | Once the obligation becomes due and demandable; |
| B. | Only after judgment is obtained against the principal debtor and he is unable to pay; (Baylon v. CA, August 17, 1999) |
| C. | The moment the judgment against the debtor becomes final and executory; |
| D. | Once demand is made for both the debtor and guarantor to pay. |
| Answer» C. The moment the judgment against the debtor becomes final and executory; | |