Commercial Law
| Front | Up to what extent should the Guarantor pay? |
| Back | The Guarantor should pay;-Principal Obligation-Accessory Obligation-Obligation arising as a matter of law-Obligation to pay judicial cost after the guarantor has been judicially required to pay |
| Front | What is the concept of precarium? |
| Back | A kind of commodatum where the bailor may demand the thing at will. In this kind of commodatum, the lender may demand at will the return of thing under the following circumstances: If neither the duration of the contract nor the use to which the thing loaned should be devoted, has been stipulated; or If the use of the thing is merely tolerated by the owner. the law recognizes the urgency as well as it is gratuitous. |
| Front | In the case of Pajuyo v CA, how did the court rule on the contractual relationship of the parties? |
| Back | The agreement between the parties is not a commodatum rather a lessor-lessee relationship.In this case, even though Guevarra did not pay rent, his stay is conditioned that he maintains the property. Such condition negates the existence of commodatum. |