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Article 363. Responsibilities of the guarantor

📅 Updated: 30.09.2026

1. In the event of default or improper performance of the secured obligation by the debtor, the guarantor and the debtor shall be liable to the creditor in solidarity if the law or the contract of sponsorship 2. The guarantor shall be liable to the creditor to the same extent as the debtor, including the payment of interest, to recover the legal costs of recovery. 3. Those who have jointly entrusted the debtor with the performance of the debtor ' s obligation, unless otherwise provided in the contract of sponsorship. The company(s) are jointly and severally liable to the creditor, unless otherwise provided in the contract of sponsorship; unless otherwise specified in the agreement between the co-authors and the creditor, the co-authors, og. A claimant that has performed the obligation has the right to claim from other persons, as well as from the debtor that has performed the obligation. 4. In the event of the loss of the existing liability at the time of commencement of the proceedings, the Panel finds that the claim for loss of tangible property is compensable. The surety of the underlying obligation or the deterioration of the terms of its security in circumstances dependent on the creditor shall be waived by the guarantor to the extent that: to what extent he could claim compensation (art. 365) by way of lost security if he proves that he was reasonably entitled to receive such compensation at the time of the conclusion of the contract of sponsorship An agreement with a citizen sponsor establishing the other consequences of the loss of security is null and void.