BENEFIT OF DIVISION AMONG SEVERAL GUARANTORS

1.   In whose favor applicable—several guarantors of only one debtor and for the same debt

2.   Extent  of  liability  of  several  guarantors—joint  liability  to answer for the debt that is divided among them
3.   Exception:  when  solidarity  has  been  stipulated  among them

Art.  2065.  Should  there  be  several  guarantors  of  only  one debtor and for the same debt, the obligation to answer for the  same  is  divided  among  all.  The  creditor  cannot  claim from  the  guarantors  except  the  shares,  which  they  are respectively   bound   to   pay,   unless   solidarity   has   been expressly stipulated.
 
The benefit of division against the co-guarantors ceases in the same cases and for the same reasons as the benefit of excussion against the principal debtor. (1837)

 

THE  GUARANTOR  MAY  BE  ENTITLED  TO  THE  BENEFIT  OF DIVISION  WITHOUT  THE  REQUIREMENT  THAT  HE  POINT OUT THE PROPERTY OF HIS CO-GUARANTORS

> Obligation  with  the  co-guarantors  is  not  subsidiary  but direct and doesn’t depend as to its origin on the solvency or  insolvency  of  the  latter,  although  afterwards,  if  one  of them  should  turn  out  to  be  insolvent,  his  share  shall  be born by the others