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KKO 1171/2006 AI generated

Supreme Court allows creditor's appeal to hold joint debtor liable for full debt despite partial expiration.

Case Number KKO 1171/2006
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court allowed the creditor's appeal against the lower court's dismissal, ruling that the joint debtor remains liable for the entire debt. Although the statute of limitations had expired for co-debtor B, the court determined that the limitation period for co-debtor A had not yet run out. Consequently, the creditor successfully argued that A must pay the full amount, overriding the lower court's decision based on B's expiration.

Legislator headnote

AI generated

Section 3 of the Statute of Limitations; Section 10 of the Negotiable Instruments Act: The expiration of the limitation period for one joint debtor does not automatically extinguish the liability of the other joint debtor if their individual limitation period remains valid.

Keywords

AI generated
joint and several liability statute of limitations negotiable instruments banker's acceptance co-debtor liability

Cited Legislation

AI generated
Section 3 of the Statute of Limitations
Section 10 of the Negotiable Instruments Act

Cited Case Law

AI generated
KKO 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.
AI generated
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.
kko-other_2006_1172
Supreme Court holds that a bill of exchange debtor's discharge from liability does not automatically release a co-debtor from liability.
kko-other_1997_1302
Creditor in debt restructuring must pay client's legal costs for opposing debt restructuring application.
kko-precedent_2005_51
Supreme Court allows modification of co-owner's debt plan to sell property share after other co-owner's plan fails.

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Full text

A ja B oli lainhakupäätöksellä velvoitettu yhteisvastuullisesti maksamaan vekselisaatava. Saatava oli sittemmin vanhentunut B:n osalta. Ulosottomies oli A:ta vastaan haetussa ulosotossa katsonut, että A vastasi enää saatavan puolesta määrästä. Velkoja oli valittanut ulosottomiehen päätöksestä ja vaatinut vahvistettavaksi, että A oli vastuussa saatavan koko määrästä. Käräjäoikeus oli soveltaen vanhentumisasetuksen 3 §:n säännöstä hylännyt valituksen. Kysymys siitä, voitiinko velkojan hovioikeuteen tekemä valitus seuloa ja oliko A vastuussa saatavan koko määrästä. Ks. KKO:2006:43