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VVocatus · Bar Exam Practice

Civil Law, 2017 Bar — Question XV

Civil Law
2017 BarCivil LawQ. XV

ESSAY

Kevin signed a loan agreement with ABC Bank. To secure payment, Kevin requested his girlfriend Rosella to execute a document entitled “Continuing Guaranty Agreement”, whereby she expressly agreed to be solidarily liable for the obligation of Kevin. Can ABC Bank proceed directly against Rosella upon Kevin's default even without proceeding against Kevin first? Explain your answer. (3%)

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