jn devt corp vs philguarantee

7/24/2019 JN Devt Corp vs PhilGuarantee

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JN Dev’t Corp. vs PhilGuarantee

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JN DEVELOPMENT CORPORT!ON"

and #P#. RODR!GO and LEONOR #T. N

- versus -

P$!L!PP!NE E%PORT ND &ORE!GN LON G'RNTEE CORPORT!ON

G.R. No. 151060 August 31, 2005 SECOND DIVISION, TINGA, J.

( ( (

NRC!#O V. CR')

- versus -

P$!L!PP!NE E%PORT ND &ORE!GN LON G'RNTEE CORPORT!ON

G.R. No. 151311 August 31, 2005 SECOND DIVISION, TINGA, J.

x--------------------------------------------------------------------------------------------------------x

TOP!C* Guarantor’s Ri+ht o, Reiurseent/ 0ene,its o, Ex1ussion

rti1le 2345. The guarantor cannot be compelled to pay the creditor unless the latter hasexhausted all the property of the debtor, and has resorted to all the legal remedies

against the debtor.

rti1le 2346. The excussion shall not take place:

(1 !f the guarantor has expressly renounced it"

(# !f he has bound himself solidarily $ith the debtor" x x x x

rti1le 2373. !n order that the guarantor may make use of the benefit of excussion, hemust set it up against the creditor upon the latter%s demand for payment from him, and

point out to the creditor available property of the debtor $ithin &hilippine territory, sufficient to cover the amount of the debt.

rti1le 2377. The guarantor $ho pays for a debtor must be indemnified by the latter. x x x x

rti1le 2386. 'n extension granted to the debtor by the creditor $ithout the consent of

the guarantor extinguishes the guaranty. x x x

&CT#*On Dee!"e# 13, 1$%$, &N De'e(o)!ent Co#)o#at*on +JN and T#ade#s Roa( an/

+TR0 ente#ed *nto an ag#ee!ent e#e" TR ou(d etend to &N an E)o#t a/*ng

C#ed*t 4*ne o# To *((*on esos +2,000,000.00. Te (oan as o'e#ed " se'e#a(

seu#*t*es, *n(ud*ng a #ea( estate !o#tgage and a (ette# o gua#antee #o! *(*))*neE)o#t and 7o#e*gn 4oan Gua#antee Co#)o#at*on +PhilGuarantee, no T#ade and

In'est!ent De'e(o)!ent Co#)o#at*on o te *(*))*nes, o'e#*ng se'ent )e#ent +%08

o te #ed*t (*ne. 9*t *(Gua#antee *ssu*ng a gua#antee *n a'o# o TR, &N, s)ouses



Rod#*go and 4eono# Sta. Ana and Na#*so C#u: eeuted a eed of )ndertaking

+'n9erta:in+ to assu#e #e)a!ent to *(Gua#antee.

On Oto"e# ;, 1$;0, TR #e<uested *(Gua#antee to o!)( *t *ts o"(*gat*on as agua#anto# *n '*e o &N=s a*(u#e to )a te (oan u)on *ts !atu#*t. *(Gua#antee

*no#!ed &N o TR=s not*e and *n<u*#ed a"out &N=s at*on to sett(e te (oan. >a'*ng

#ee*'ed no #es)onse #o! &N, *(Gua#antee )a*d TR N*ne >und#ed T*#t 7ou# Tousand E*gt >und#ed Tent 7ou# esos and T*#t 7ou# Centa'os +$3?,;2?.3?.

Su"se<uent(, *(Gua#antee !ade se'e#a( de!ands on &N, "ut te (atte# a*(ed to )a. On

a 30, 1$;3, &N, t#oug Rod#*go Sta. Ana, )#o)osed to sett(e te o"(*gat*on " a o

de'e(o)!ent and sa(e o te !o#tgaged )#o)e#t, * as #e@eted " *(Gua#antee.

Te#eate#, *(Gua#antee *(ed a *omplaint o# o((et*on o !one and da!ages

aga*nst &N, s)s. Sta. Ana and C#u:.

In *ts ecision dated August 20, 1$$;, te RTC d*s!*ssed *(Gua#antees *omplaint as e(( as te ounte#(a*! o )et*t*one#s.

On a))ea(, te CA #e'e#sed te RTC and o#de#ed )et*t*one#s to )a *(Gua#antee N*ne >und#ed T*#t 7ou# Tousand S* >und#ed Tent 7ou# esos and T*#t 7ou#

Centa'os +$3?,62?.3?, )(us se#'*e a#ge and *nte#est.

Te CA e(d tat te RTCs *nd*ng tat te (oan as et*ngu*sed " '*#tue o te

o#e(osu#e sa(e o te !o#tgaged )#o)e#t ad no atua( su))o#t, and tat su *nd*ng *s

negated " Rod#*go Sta. Ana=s test*!on tat &N d*d not #ee*'e an not*e o o#e(osu#e#o! *(Gua#antee o# #o! TR. o#eo'e#, Sta. Ana e'en oe#ed te sa!e !o#tgaged

)#o)e#t to *(Gua#antee to sett(e *ts o"(*gat*ons *t te (atte#.

Te CA a(so #u(ed tat &Ns o"(*gat*on ad "eo!e due and de!anda"(e *t*n te

one-ea# )e#*od o eet*'*t o te gua#antee tus, *(Gua#antees )a!ent to TR

ono#!ed *t *ts gua#antee, a(toug te )a!ent *tse( as eeted one ea# ate# te!atu#*t date o te (oan. Cont#a# to te t#*a( ou#ts *nd*ng, te CA #u(ed tat te

ont#at o gua#antee as not et*ngu*sed " te a((eged (a/ o e'*dene on*(Gua#antees onsent to te etens*ons g#anted " TR to &N. Inte#)#et*ng A#t. 205; o

te C*'*( Code, te a))e((ate ou#t e)(a*ned tat *(e te )#o'*s*on states tat te

gua#anto# annot "e o!)e((ed to )a un(ess te )#o)e#t*es o te de"to# a#e eausted,te gua#anto# *s not )#e(uded #o! a*'*ng te "ene*t o euss*on and )a*ng te

o"(*gat*on a(togete#.

7#o! sa*d CA ecision, )et*t*one#s "#ougt te ase "eo#e te ou#t. *(Gua#antee

!a*nta*ns tat te date o deau(t, not te atua( date o )a!ent, dete#!*nes te (*a"*(*to te gua#anto# and tat a'*ng )a*d TR en te (oan "ea!e due, *t sou(d "e

*nde!n**ed " )et*t*one#s. It a#gues tat, ont#a# to )et*t*one#s (a*!, te#e ou(d "e noa*'e# o *ts #*gt to euss*on !o#e e)(**t tan *ts at o )a!ent to TR 'e# d*#et(.es*des, te #*gt to euss*on *s o# te "ene*t o te gua#anto# and *s not a deense o#

te de"to# to #a*se and use to e'ade (*a"*(*t.

!##'E*

9ON )et*t*one#s a#e (*a"(e to *(Gua#antee des)*te *ts )a!ent ate# te e)*#at*on



o *ts ont#at o gua#antee and te (a/ o *(Gua#antees onsent to te etens*ons

g#anted " TR to &N.

$ELD*

YES, petitioners must indemnify PhilGuarantee for the payment it made to TRB.

On te !atte# o *(Gua#antee=s )a!ent !ade ate# te e)*#at*on o te Cont#at

o Gu#antee, te gua#antee as on( u) to 1% Dee!"e# 1$;0. &Ns o"(*gat*on *t TR

e(( due on 30 &une 1$;0, and de!and on *(Gua#antee as !ade " TR on 0;Oto"e# 1$;0. Tat )a!ent as atua(( !ade on( on 10 a# 1$;1 does not ta/e *t

out o te te#!s o te gua#antee. 9at *s ont#o((*ng *s tat deau(t and de!and on

*(Gua#antee ad ta/en )(ae *(e te gua#antee as st*(( *n o#e.

Te#e *s (*/e*se no !e#*t *n )et*t*one#s (a*! tat *(Gua#antees a*(u#e to g*'e *ts

e)#ess onsent to te a((eged etens*ons g#anted " TR to &N ad et*ngu*sed tegua#antee. Te #e<u*#e!ent tat te gua#anto# sou(d onsent to an etens*on g#anted "

te #ed*to# to te de"to# unde# A#t. 20%$ *s o# te "ene*t o te gua#anto#. As su, *t *s

(*/e*se a*'a"(e " te gua#anto#. Tus, e'en assu!*ng tat etens*ons e#e *ndeed

g#anted " TR to &N, *(Gua#antee ou(d a'e o)ted to a*'e te need o# onsent tosu etens*ons. Indeed, a gua#anto# *s not )#e(uded #o! a*'*ng *s #*gt to "e not**ed

o o# to g*'e *s onsent to etens*ons o"ta*ned " te de"to#. Su a*'e# *s not ont#a#

to )u"(* )o(* as *t *s )u#e( )e#sona( and does not aet )u"(* *nte#est. In te *nstantase, *(Gua#antees a*'e# an "e *ne##ed #o! *ts atua( )a!ent to TR ate# te

(atte#s de!and, des)*te &Ns a*(u#e to )a te #enea(Bgua#antee ee as *nd*ated *n te

gua#antee.

Te (a does not )#o*"*t te )a!ent " a gua#anto# on *s on 'o(*t*on, eed(ess

o te "ene*t o euss*on. In at, *t #eogn*:es te #*gt o a gua#anto# to #eo'e# at *t

as )a*d, e'en * )a!ent as !ade "eo#e te de"t "eo!es due, o# * !ade *toutnot*e to te de"to#, su"@et o ou#se to so!e ond*t*ons.

In add*t*on, euss*on *s a #*gt g#anted to te gua#anto# and, te#eo#e, on( e !a*n'o/e *t at *s d*s#et*on. Te "ene*t o euss*on, as e(( as te #e<u*#e!ent o onsent

to etens*ons o )a!ent, *s a )#otet*'e de'*e )e#ta*n*ng to and one##ed on te

gua#anto#. Tese !a "e *n'o/ed " te gua#anto# aga*nst te #ed*to# as deenses to "a#

te una##anted eno#e!ent o te gua#antee. >oe'e#, *(Gua#antee d*d not a'a*( o tese deenses en *t )a*d *ts o"(*gat*on ao#d*ng to te teno# o te gua#antee one

de!and as !ade on *t.

es*des, te o!)(a*nt a +uo as *(ed " *(Gua#antee as gua#anto# o# &N, and *tsause o at*on as )#e!*sed on *ts )a!ent o &Ns o"(*gat*on ate# te (atte#s deau(t.

*(Gua#antee as e(( *t*n *ts #*gts to de!and #e*!"u#se!ent o# su )a!ent

!ade, #ega#d(ess o ete# te #ed*to#, TR, as su"se<uent( a"(e to o"ta*n )a!ent#o! &N. I dou"(e )a!ent as *ndeed !ade, ten *t *s &N * sou(d go ate# TR,



and not *(Gua#antee. et*t*one#s a'e no one to "(a!e "ut te!se('es, a'*ng a((oed

te o#e(osu#e o te )#o)e#t o# te u(( 'a(ue o te (oan des)*te /no(edge o

*(Gua#antees )a!ent to TR. >a'*ng "een aa#e o su )a!ent, te sou(d a'eo))osed te o#e(osu#e, o# at te 'e# (east, *(ed a su))(e!enta( )(ead*ng *t te t#*a(

ou#t *no#!*ng te sa!e o te o#e(osu#e sa(e.

#!DE NOTE#*

0ENE&!T O& E%C'##!ON

nde# a ont#at o gua#antee, te gua#anto# "*nds *!se( to te #ed*to# to u(*((te o"(*gat*on o te )#*n*)a( de"to# *n ase te (atte# sou(d a*( to do so. Te gua#anto#

o )as o# a de"to#, *n tu#n, !ust "e *nde!n**ed " te (atte#. >oe'e#, te gua#anto#

annot "e o!)e((ed to )a te #ed*to# un(ess te (atte# as eausted a(( te )#o)e#t o te de"to# and #eso#ted to a(( te (ega( #e!ed*es aga*nst te de"to#. T*s *s at *s

ote#*se /non as te "ene*t o euss*on.

It *s (ea# tat euss*on !a on( "e *n'o/ed ate# (ega( #e!ed*es aga*nst te

)#*n*)a( de"to# a'e "een e)anded. Tus, *t as e(d tat te #ed*to# !ust *#st o"ta*na @udg!ent aga*nst te )#*n*)a( de"to# "eo#e assu!*ng to #un ate# te a((eged

gua#anto#, o# o"'*ous( te eaust*on o te )#*n*)a(s )#o)e#t annot e'en "eg*n to

ta/e )(ae "eo#e @udg!ent as "een o"ta*ned. Te (a *!)oses ond*t*ons )#eedent o# te *n'oat*on o te deense. Tus, *n o#de# tat te gua#anto# !a !a/e use o te

"ene*t o euss*on, e !ust set *t u) aga*nst te #ed*to# u)on te (atte#s de!and o#

)a!ent and )o*nt out to te #ed*to# a'a*(a"(e )#o)e#t o te de"to# *t*n te

*(*))*nes su**ent to o'e# te a!ount o te de"t.

9*(e a gua#anto# en@os te "ene*t o euss*on, not*ng )#e'ents *! #o! )a*ng

te o"(*gat*on one de!and *s !ade on *!. Euss*on, ate# a((, *s a #*gt g#anted to *!

" (a and as su e !a o)t to !a/e use o *t o# a*'e *t. *(Gua#antees a*'e# o te#*gt o euss*on annot )#e'ent *t #o! de!and*ng #e*!"u#se!ent #o! )et*t*one#s. Te

(a (ea#( #e<u*#es te de"to# to *nde!n* te gua#anto# at te (atte# as )a*d.

PR!-P##' CL'#E

Pari-passu *s a 4at*n )#ase eanin+ e<ua( oot*ng o# e<ua(( and

*tout )#ee#ene.tat des#*"es s*tuat*ons e#e to o# !o#e assets,

seu#*t*es, #ed*to#s o# o"(*gat*ons a#e e<ua(( !anaged *tout an d*s)(a o )#ee#ene.

T*s te#! *s a(so oten used *n te (end*ng a#ea and *n "an/#u)t

)#oeed*ngs, e#e #ed*to#s a#e sa*d to "e )a*d pari passu, o# ea #ed*to# *s )a*d )#o #ata *n ao#dane *t te a!ount o *s (a*!.

4*/e*se, )et*t*one#s annot *n'o/e te pari-passu (ause *n te gua#antee, not "e*ng )a#t*es to te sa*d ag#ee!ent. Te (ause *s (ea#( o# te "ene*t o te gua#anto# and no

ote#. Te Cou#t notes te (ette# o Rod#*go Sta. Ana oe#*ng, " a o sett(e!ent o

&Ns o"(*gat*ons to *(Gua#antee, te 'e# sa!e )a#e( o (and !o#tgaged as seu#*t o# te (oan ag#ee!ent. T*s u#te# ea/ens te )os*t*on o )et*t*one#s, s*ne *t "eo!es



o"'*ous tat te a/no(edged te )a!ent !ade " *(Gua#antee on te*# "ea( and

tat te e#e *n at *((*ng to negot*ate *t *(Gua#antee o# te sett(e!ent o te

sa*d o"(*gat*on "eo#e te *(*ng o te o!)(a*nt a +uo.

jn devt corp vs philguarantee

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