Supreme Court held that a timely notice of debt expiration under the Expiration Act releases the guarantor from liability.
Legislator-Zusammenfassung
KI-generiertThe Supreme Court ruled that a guarantor was released from liability after receiving a timely notice of debt expiration from the creditor. The creditor sent the required notification under Section 21(4) of the Expiration Act, which interrupts the statute of limitations for the guarantor. The court determined that this procedural step legally severed the guarantor's obligation, preventing the debt from expiring against them.
Legislator-Regeste
KI-generiertSection 21(4) of the Expiration Act; A timely notice of debt expiration sent to a guarantor by the creditor releases the guarantor from liability and interrupts the statute of limitations.
Schlagwörter
KI-generiertZitierte Gesetzesbestimmungen
KI-generiertVerwandte Entscheide
KI-generiertVolltext
Kysymys siitä, oliko ulosottoviranomaisen velalliselle lähettämällä, velan vanhentumisesta annetun lain 21 §:n 4 momentissa tarkoitetulla ilmoituksella ajoissa katkaistu vanhentuminen ja takaaja vapautunut vastuusta.