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KKO 3814/1995 AI generated

Supreme Court rules that unlimited joint liability guarantors must share debt equally among remaining liable guarantors.

Case Number KKO 3814/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court ruled that when some guarantors in a joint liability agreement are released due to limitation periods, the remaining guarantors with unlimited liability must share the debt equally. The plaintiff argued for proportional shares based on original contributions, while the defendant contended for equal division among those still liable. The court decided that in the absence of specific allocation terms, equal sharing is the only fair method for unlimited guarantors.

Legislator headnote

AI generated

TakausA 2 § 1 mom; TakausA 2 § 2 mom: When multiple guarantors are jointly liable and some are released from liability, the remaining guarantors with unlimited liability must share the debt equally among themselves.

Keywords

AI generated
joint liability guarantors unlimited liability limitation period release equal debt sharing joint and several liability

Cited Legislation

AI generated
TakausA 2 § 1 mom
TakausA 2 § 2 mom
AI generated
kko-precedent_2006_43
Supreme Court allows partial enforcement of joint debt judgment where one debtor's claim prescribes, rejecting application of general prescription rules to negotiable instruments.
kko-other_1997_530
Supreme Court held that a surety's liability remains unchanged even if the creditor's claim against the co-surety is time-barred.
kko-precedent_1996_1
Supreme Court dismisses joint guarantor's claim to negotiate liability due to co-guarantor's settlement.
appeal_1981_turku__739
Guarantee against third party debt does not expire under guarantee statute if not covering specific payment obligation.
kko-precedent_1994_135
Supreme Court held that a co-guarantor's liability remains full if the creditor releases another guarantor based on a prior agreement with the releasing guarantor.

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Full text

Kahdeksan henkilöä oli mennyt omavelkaiseen yhteisvastuulliseen takaukseen samasta velasta. Kolme takaajaa oli rajoittanut takausvastuunsa tiettyyn enimmäismäärään. Osa takaajista oli vapautunut takausvastuusta vanhentumisen johdosta. Kysymys rajoittamattomaan takausvastuuseen sitoutuneen takaajan osuuden määräämisestä.

TakausA 2 § 1 mom