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were more than enough to pay for the same. Given these premise,
petitioner could not be held liable as guarantor.
the Macrogen Realty, except for a bank deposit with the Planters
Bank at Buendia, in the amount of P20,242.23. It is axiomatic that the
liability of the guarantor arises when the insolvency or inability of the
debtor to pay the amount of debt is proven by the return of the writ of
execution that had not been unsatisfied