KKO 1482/1995
AI generated
Supreme Court held that a guarantor's security is time-limited unless explicitly stated otherwise in the contract.
Legislator summary
AI generatedThe Supreme Court ruled that a guarantor's security obligation is presumed to be time-limited unless the contract explicitly states otherwise. The guarantor argued for an indefinite duration, but the court found no specific language extending the term beyond the standard limitation period. Consequently, the court determined the security expired automatically upon the passage of the statutory time limit.
Legislator headnote
AI generatedS 94/462; A guarantor's security obligation is presumed to be time-limited unless the contract explicitly states otherwise.
Keywords
AI generated
guarantor liability
time-limited security
statutory limitation
implied term
contractual interpretation
presumption of expiry
S 94/462
Cited Legislation
AI generatedS 94/462
Kysymys siitä, oliko omavelkainen takaus määräaikainen. Ks. myös S 94/462
Related Decisions
AI generatedkko-other_1995_1480
Supreme Court held that a guarantor's security is time-limited unless explicitly extended by the creditor.
kko-precedent_1993_32
Supreme Court dismisses appeal where bank paid guarantee debt late but relied on established banking practice for time limits.
kko-precedent_1994_93
Supreme Court allows guarantee claim where invoice due dates are not statutory notice requirements.
kko-precedent_1989_102
Supreme Court dismisses guarantor's claim as debt matured in bankruptcy despite prior invalid demand.
kko-precedent_1993_159
Supreme Court allows guarantor liability when debt restructuring extends maturity date within guarantee clause.
Full text
Kysymys siitä, oliko omavelkainen takaus määräaikainen. Ks. myös S 94/462