LEGAL AND JUDICIAL BONDS

Category: Obligations and Contracts

LEGAL AND JUDICIAL BONDS

Art. 2082. The bondsman who is to be offered in virtue of a provision  of  law  or  of  a  judicial  order  shall  have  the qualifications prescribed in Article 2056 and in special laws. (1854a)
 

BOND

> An undertaking that is sufficiently secure, and not cash or currency
 
Art. 2083. If the person bound to give a bond in the cases of the preceding article, should not be able to do so, a pledge or  mortgage  considered  sufficient  to  cover  his  obligation shall be admitted in lieu thereof. (1855)
 
Art.   2084.   A   judicial   bondsman   cannot   demand   the exhaustion of the property of the principal debtor.
 
A   sub-surety   in   the   same   case,   cannot   demand   the exhaustion of the property of the debtor of the surety.
 
NOTA BENE: the only important thing in legal and judicial bonds is that it is a surety, it is not entitled to the benefit of excussion.