| Civil Code Article 750June 19, 2019 |
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If the guarantor has assumed the guaranty by reason of a mandate of the principal debtor, the guarantor may request the principal debtor to procure his discharge from the guaranty under any of the following cases: "(1) If the property of the principal debtor has obviously decreased. "(2) If, after the conclusion of the contract of guaranty claims for performance against the principal debtor have become difficult on account of change of his domicile, or his business office, or his residence. "(3) If the principal debtor is in default. "(4) If the creditor has obtained a non-appealable judgment entitling him to compel the guarantor to perform. "If the principal obligation is not yet due, the principal debtor may give security to the guarantor instead of discharge of obligation of guaranty. |
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