Page 492 - Important Provisions of The New Civil Code

Article 1959. Without prejudice to the

provisions of Article 2212, interest due and

unpaid shall not earn interest. However, the

contracting parties may by stipulation capitalize

the interest due and unpaid, which as added

principal, shall earn new interest. (n)

Article 2060. In order that the guarantor may

make use of the benefit of exclusion, he must

set it up against the creditor upon the latter's

demand for payment from him, and point out

to the creditor available property of the debtor

within Philippine territory, sufficient to cover

the amount of the debt. (1832)