GUARANTY GENERALLY GRATUITOUS

Category: Obligations and Contracts

GUARANTY GENERALLY GRATUITOUS

Article  2048.    A  guaranty  is  gratuitous  unless  there  is  a stipulation to the contrary.   

>     General rule: a guaranty is gratuitous
>     Except when there is a stipulation to the contrary
 

WHAT IS THE CAUSE OF A CONTRACT OF GUARANTY?

1.   Presence of cause which supports principal obligation
2.   Absence of direct consideration or benefit to the guarantor