| Abstract [eng] |
Due to the fact that situation on the market is changing rapidly, some persons become incapable of fulfilling their obligations, so the interests of such persons creditors remain unsatisfied. Master's thesis analysis widely applied in practice institute of suretyship, understood as a kind of security of performance of obligations, by which the surety binds himself to be liable towards the creditor of another person gratuitously or for a remuneration in the event where the person in whose favour suretyship is granted fails to perform the obligation in whole or in part. Master's thesis analysis the legal regulation of suretyship, interpretation and application of suretyship in Judicial practice of Lithuania on purpose to identify and analyze the problems related with legal regulation, application and interpretation of suretyship: lack of identification of suretyship, unsuitable suretyship separation from other kinds of security of performance of obligations, inappropriate application together with other institutes in practice, the lack of surety’s rights and protection in regulation and practice and the problems between Lithuanian civil code and Judicial practice of Lithuania relations in development and application process of the institute of suretyship. |
