Legislator Case Law & Legislation
DE FR IT EN
Analyze in Legislator
KKO 1912/1999 AI generated

Supreme Court dismisses claim against guarantor for joint liability when principal debtor fails to pay bank loan.

Case Number KKO 1912/1999
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court dismissed the guarantor's claim for reimbursement from the principal debtor after the debtor failed to repay a bank loan. The guarantor, having paid the bank, sought recovery from the debtor, but the court found no basis for joint liability in this specific context. Consequently, the guarantor bears the loss as the debtor did not fulfill their primary obligation.

Legislator headnote

AI generated

Section 10 of the Guarantee Act; Section 10 of the Guarantee Act: A guarantor who has fulfilled the guarantee obligation may claim reimbursement from the principal debtor, but the debtor's failure to pay does not automatically create joint liability for the guarantor's loss.

Keywords

AI generated
guarantee liability reimbursement claim principal debtor joint liability bank loan Supreme Court Guarantee Act

Cited Legislation

AI generated
Section 10 of the Guarantee Act

Cited Case Law

AI generated
KKO:1999:85
Supreme Court holds association liable for member's loan repayment due to breach of trust and failure to exclude liability.
AI generated
kko-other_1999_1913
Supreme Court dismisses claim against guarantor for joint liability when principal debtor fails to pay bank loan.
kko-precedent_1999_85
Supreme Court holds association liable for member's loan repayment due to breach of trust and failure to exclude liability.
kko-other_1999_1914
Supreme Court dismisses claim against association for member's personal loan to association's branch. Member must repay bank directly; association not liable for personal debt.
kko-other_1995_1448
Supreme Court dismisses claim that company director is personally liable for unauthorized loan repayment without bank consent.
kko-precedent_1995_144
Supreme Court allows bank claim against borrower for debt arising from a fraudulent loan scheme. The court held that the bank's knowledge of the fraud made the claim not contrary to good faith.

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

A oli mennyt omavelkaiseen takaukseen B:n yhdistyksen erään jaoston toimintaa varten pankista omissa nimissään

ottamasta luotosta. A, joka oli velvoitettu suorittamaan luotto pankille, haki maksamansa määrät yhdistykseltä. Kysymys yhdistyksen vastuusta. (

Ks. KKO:1999:85)