Supreme Court dismisses appeal regarding binding force of bank guarantee signed outside open bank account.
Legislator summary
AI generatedThe Supreme Court dismissed the appeal challenging the binding nature of a bank guarantee signed outside an open bank account. The appellant argued that the guarantee lacked validity due to the procedural irregularity of the signature location, while the opposing party maintained the document was legally effective. The court ruled that the specific location of the signature did not invalidate the guarantee's binding force under the relevant administrative procedure law.
Legislator headnote
AI generatedOikTL 32 § 1 mom; OikTL 33 §: A bank guarantee signed outside an open bank account remains binding and valid if other statutory requirements for its creation are met.
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Kysymys avoimen pankin ulkopuolella allekirjoitetun pankkitakauksen vastasitoumuksen sitovuudesta.
OikTL 32 § 1 mom
OikTL 33 §