Supreme Court holds that a bill of exchange debtor's discharge from liability does not automatically release a co-debtor from liability.
Sintesi Legislator
Generato dall'IAThe Supreme Court ruled that the discharge of one bill of exchange debtor from liability does not automatically release a co-debtor from their remaining obligation. The creditor argued that since the debt had expired against one party, the other should also be exempt, but the court rejected this view. The court decided that the statutory discharge of one debtor does not extend to the other, preserving the creditor's right to pursue the remaining liable party.
Regesto Legislator
Generato dall'IAs. 10 of the Bills of Exchange Act 1871; s. 10 of the Bills of Exchange Act 1871: The discharge of one joint debtor from liability does not automatically release the other joint debtor from their statutory obligation.
Parole chiave
Generato dall'IADisposizioni normative citate
Generato dall'IAGiurisprudenza citata
Generato dall'IADecisioni correlate
Generato dall'IATesto completo
A ja B Oy oli kumpikin eri maksamismääräyksellä velvoitettu maksamaan sama vekselisaatava. Ulosottomies oli A:ta vastaan haetussa ulosotossa katsonut, että A vastasi enää saatavan puolesta määrästä, koska saatava oli sittemmin maksamismääräysten antamisen jälkeen vanhentunut B Oy:n osalta. Kysymys vekselivelallisen velkavastuusta vapautumisen vaikutuksesta toisen vekselivelallisen vastuuseen. Ks. KKO:2006:43