Article 367. Termination of a guarantee.
1. A surety ceases with the termination of the obligation secured by it, and also in the event of a change in this obligation, entailing an increase in liability or other adverse consequences for the surety, without the consent of the latter. 2. A surety ceases with the transfer to another person of the debt under the obligation secured by the surety, unless the surety has given consent to the creditor to be responsible for the new debtor. 3. A surety shall be terminated if the creditor has refused to accept the proper performance offered by the debtor or surety. 4. A surety shall terminate upon the expiration of the period for which it is specified in the surety agreement. If such a term is not set, it shall terminate if the creditor does not file a claim against the guarantor within a year from the date the due date for the performance of the obligation secured by the surety. When the deadline for the fulfillment of the principal obligation is not specified and cannot be determined or determined by the moment of demand, the guarantee is terminated if the creditor does not file a claim against the surety within two years from the date of the conclusion of the guarantee agreement.
References to other articles of chapter 23. Ensuring the fulfillment of obligations: