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1. The defendant's appeal is dismissed.
2. The costs of appeal shall be borne by the Defendant.
3. Judgment of the court of first instance No. 2.b.
Reasons
Based on the facts, on May 9, 2002, the Plaintiff entered into a credit guarantee agreement with A on a credit guarantee agreement with the guarantee limit of KRW 42,50,000,000,000 from May 9, 2002 to May 8, 2003, and issued a credit guarantee agreement with A on a credit guarantee agreement with the guarantee limit of KRW 42,50,000,00,000 from May 9, 200 to Korea (which was changed from May 20, 2002 to Korean bank; hereinafter referred to as “Korea bank”), and issued a credit guarantee agreement for a general loan to be borrowed from Korea Light Bank, regardless of whether before
(hereinafter referred to as “instant credit guarantee agreement”). A, on the same day, was granted a loan of KRW 50 million from the bank as a security for the said credit guarantee agreement, and thereafter, the said guarantee period was extended in sequence and extended until May 2, 2014.
(However, the guarantee limit amount has been reduced twice, and 32 million won. On May 9, 2002, the Plaintiff entered into a credit guarantee agreement with A and the guarantee limit amount of KRW 48 million, and from May 9, 2002 to May 8, 2003, and issued A a letter of credit guarantee for a commercial bill discount loan to be borrowed from our bank.
(hereinafter “instant Credit Guarantee Agreement”). On the same day, A obtained a loan of KRW 60 million from the Bank as a discount for commercial bills as a collateral for the said credit guarantee agreement, and subsequently made transactions in the discount for bills thereafter, A endorsed and delivered to the Plaintiff the Promissory Notes Co., Ltd., Co., Ltd., Ltd., Co., Ltd., Ltd. (hereinafter “Bsory Notes”) at the first instance trial on November 12, 2013, with the face value of KRW 48,708,237, and the due date of February 28, 2014.
After that, the guarantee period was extended in sequence, and it was extended until May 2, 2014.
(However, the guarantee limit amount has been reduced once, and 40 million won has been reduced. The plaintiff entered into a credit guarantee agreement with A on July 14, 2005 with the guarantee limit amount of KRW 85 million, and the guarantee period from July 14, 2005 to July 13, 2006, and A will receive a loan from our bank.