Special Provisions for Joint and Several Guarantees

A joint and several guarantor does not have the rights that a standard guarantor possesses: (1) the defense of demand (Article 452 of the Civil Code), (2) the defense of exhaustion of assets (Article 453 of the Civil Code), and (3) the benefit of division (Article 427 of the Civil Code) (Article 454 and Article 456 of the Civil Code).

Furthermore, the full amount can be claimed from "any one" of the joint and several guarantors (Article 436 of the Civil Code).

#PatentAttorney #PatentAttorneyExam #PatentAttorneyExamStudy #SupplementaryExam #SpecificInfringementLitigationAgencyExam
#CivilCode #CodeofCivilProcedure
#IntellectualProperty #IntellectualPropertyLaw #PatentLaw
#DailyNote #Column #DailyUpdates #note #DailyPosts #noteDailyUpdates #Everyday
#RecentLearning #DailyUpdateClub #AnalysisColumn #Creative #ProfessionalServices