Legislator Case Law & Legislation
KKO 2064/1997 AI generated

Supreme Court dismisses appeal regarding binding force of bank guarantee signed outside open bank account.

Case Number KKO 2064/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The 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 generated

OikTL 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.

Keywords

AI generated
bank guarantee validity open bank account signature location administrative procedure law binding force supreme court appeal financial instrument

Cited Legislation

AI generated
OikTL 32 § 1 mom
OikTL 33 §
AI generated

Need to analyze how this precedent applies to your matter?

Cross-reference this judgment against statutes, commentaries, and subsequent citing case law inside Legislator AI.

Open in Legislator →

Full text

Kysymys avoimen pankin ulkopuolella allekirjoitetun pankkitakauksen vastasitoumuksen sitovuudesta.

OikTL 32 § 1 mom

OikTL 33 §