วันจันทร์ที่ 3 พฤษภาคม พ.ศ. 2564

Judgment of the Supreme Court regarding Guarantee Cintract

 

👉Judgment of the Supreme Court No: 1268/2555 A guarantee is a contract in which the guarantor agreed to bind him/herself to creditors to pay the debt when the debtor fails to pay the debt the guarantor does not have an obligation to treat the creditor based on his/her certain abilities or qualifications which must be done individually the guarantor is obligated to pay the debt to the creditor only when the debtor fails to pay the debt which is a property obligation for this reason, when a Mr. Por did the contract to guarantee the repayment of the first defendant's loan, which is a complete debt under Section 681, paragraph one, even while the death of the first defendant, the borrower has not breached the contract yet or default the guarantor contract was not  terminated due to the death of Mr. Por all rights obligation and the various liabilities under the guarantee contract made with the plaintiff therefore it is a legacy to the heirs under Section 1599, paragraph one and Section 1600.✅

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