40. The debtor shall lose every right to make use of the period except:*

(A) when after the obligation has been constituted he becomes insolvent, unless he gives a guaranty or security of the debt.

(B) when he does not furnish guaranty or security to the creditor.

(C) when debtor attempts to abscond

(D) when the debtor violates any undertaking in consideration.

Brief explanation will help, thanks!