Supreme Court held that a bank's breach of a debt reduction agreement did not create a discharge right for the housing cooperative against the bank.
Legislator-Zusammenfassung
KI-generiertThe Supreme Court dismissed the claim that a housing cooperative acquired a discharge right against a bank due to the bank's breach of a debt reduction agreement. The facts showed the bank agreed to reduce its claim against the developer upon selling shares in a housing cooperative, which served as security for the debt. The court ruled that the breach of this specific agreement did not legally trigger a discharge right for the cooperative's assets against the bank's original claim.
Legislator-Regeste
KI-generierts. 1000 C: A breach of an agreement to reduce a debt does not automatically create a discharge right for the secured creditor's assets against the original debtor.
Schlagwörter
KI-generiertZitierte Gesetzesbestimmungen
KI-generiertVerwandte Entscheide
KI-generiertVolltext
Pankin ja grynderin oli näytetty sopineen, että pankki tuli lyhentämään grynderiltä olevaa saatavaansa perustettavan asunto-osakeyhtiön osakkeita myytäessä saatavista kauppahinnoista. Kysymys siitä, oliko asunto-osakeyhtiölle, jonka omaisuus oli vakuutena pankin saatavasta, syntynyt kuittausoikeus pankin velkomusta vastaan pankin rikottua sopimuksen.