PROTECTION OF THE GUARANTOR UNDER A CONSUMER CREDIT AGREEMENT IN CONNECTION WITH THE APPLICATION OF ART. 23 OF LAW ON CONSUMER CREDIT Cover Image

ЗАЩИТА НА ПОРЪЧИТЕЛЯ ПО ДОГОВОР ЗА ПОТРЕБИТЕЛСКИ КРЕДИТ ВЪВ ВРЪЗКА С ПРИЛОЖЕНИЕТО НА ЧЛ. 23 ЗПК
PROTECTION OF THE GUARANTOR UNDER A CONSUMER CREDIT AGREEMENT IN CONNECTION WITH THE APPLICATION OF ART. 23 OF LAW ON CONSUMER CREDIT

Author(s): Denica Bozhidarova Petkova
Subject(s): Law, Constitution, Jurisprudence, Civil Law, EU-Legislation
Published by: Бургаски свободен университет
Keywords: guarantor; consumer protection; invalidity.

Summary/Abstract: The purpose of this article is to consider the legal consequences of the invalidity of a consumer credit agreement in relation to the guarantor. The surety's obligation duplicates the principal's bond and gives rise to serious commitments for the person who undertakes it, the consequence of which is the encumbrance of his own property with a financial risk that is often difficult to calculate. Consumer protection is one of the main sections of EU law and applies to the guarantor - a natural person.

  • Issue Year: XXXI/2024
  • Issue No: 1
  • Page Range: 391-396
  • Page Count: 6
  • Language: Bulgarian
Toggle Accessibility Mode