Guarantee liability persists after guarantor's death if the principal debtor's bankruptcy proceedings conclude without discharge of the guarantee obligation.
Legislator-Zusammenfassung
KI-generiertThe Supreme Court allowed the claim against the deceased guarantor's estate for the principal debtor's debt. The guarantor had pledged security for X Oy, which later dissolved following the conclusion of its bankruptcy proceedings. The court ruled that the guarantee obligation does not automatically lapse upon the guarantor's death or the principal debtor's bankruptcy resolution, requiring specific statutory conditions for discharge.
Legislator-Regeste
KI-generiertSection 10 of the Guarantee Act 1970; Section 10 of the Guarantee Act 1970: A guarantee obligation does not terminate solely due to the death of the guarantor or the conclusion of the principal debtor's bankruptcy proceedings unless explicitly provided by law.
Schlagwörter
KI-generiertZitierte Gesetzesbestimmungen
KI-generiertVerwandte Entscheide
KI-generiertVolltext
A oli antanut takauksen X Oy:n velasta. X Oy oli sittemmin konkurssimenettelyn päättymisen jälkeen purkautunut. Kysymys A:n antaman takaussitoumuksen lakkaamisesta.