Legal tip 321. Illeegal Bank Guarantees: partial coverage
Monday, July 26, 2010 @ 1:09 PM
As per Banco de España´s opinion, Law and Case Law , Law 57/68 guarantees , by force of Law, beyond whatever the contract parties have agreed, are always , for the total amount consumer has paid plus legal interests since payment. Regardless of the amounts actually written in the guarantee document.
Again, this is a conseuqence of the Public Interest character of this Law and the inalienable character of the rights created by the same.
Alcaidesa by Roberto Pecino at Flickr.com