Supreme Court allows creditor to limit guarantor liability to main debt when co-guarantors were contractually restricted.
Legislator summary
AI generatedThe Supreme Court of Finland allowed the creditor's claim to limit the guarantor's liability to the main debt amount. The creditor argued that since co-guarantors had contractually restricted their joint liability, the guarantor should similarly be bound only by the principal obligation. The court held that the guarantor's responsibility transforms to match the main debt when co-guarantors' rights are contractually limited, ensuring equitable treatment among parties.
Legislator headnote
AI generatedSection 10 of the Guarantee Act; Section 10 of the Guarantee Act: When co-guarantors contractually restrict their joint liability, the guarantor's responsibility transforms to match the main debt, limiting liability to the principal obligation amount.
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Kysymys omavelkaisen takaajan vastuun muuttumisesta pääluvun mukaiseksi, kun velkoja oli sopimuksilla rajoittanut kanssatakaajien takausvastuuta.