1 article
Article 455Effect of Defense of No Demand by Obligee and Defense of Debtor's Solvency
第四百五十五条(催告の抗弁及び検索の抗弁の効果)
If after the guarantor makes a request or gives proof pursuant to the provisions of Article 452 or Article 453, the obligee fails to demand or to levy execution and becomes unable to obtain full performance from the principal obligor as a result of that, the guarantor is released from the obligation to the extent that the obligee would have received payment if the obligee had immediately demanded or levied execution.
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