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In a civil case before the Court of Appeals, DeltaCo (the Principal) posts a supersedeas bond in the amount of PHP 2,400,000 with the Court (the Obilgee) through GuardianSurety Co. The bond provides: “If the Principal fails to prosecute the appeal with due diligence or if execution of the judgment is stayed, the Surety shall pay the actual damages suffered by the Court up to the bond amount; payment under this bond shall not release the Principal from its obligations under the judgment and shall not prejudice other remedies available to the Court.” After the Court of Appeals denies the appeal, upholds the RTC judgment for PHP 2,400,000, and the Surety pays PHP 2,400,000 to the Court, the Principal contends that GuardianSurety’s liability is limited to the actual damages and ends upon payment, while GuardianSurety asserts its right of subrogation to recover the amount paid from the Principal. (a) Identify the legally relevant actors, their roles, and the governing doctrine on liability—who bears responsibility to the obligee and how a surety’s payment affects the Principal’s obligations. (b) After payment, what is the Principal’s potential obligation to GuardianSurety and to the Court, and what rights of recovery does GuardianSurety acquire against DeltaCo? (c) Apply the rules to the facts and state the parties’ rights and liabilities going forward.