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KKO 2361/1996 AI generated

Supreme Court rules that a finance company's claim for unpaid installments is barred by the statute of limitations.

Case Number KKO 2361/1996
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court dismissed the finance company's claim for unpaid installments against the car dealer. The court found that the statute of limitations had expired because the company failed to initiate legal proceedings within the prescribed period after the debt became due. Consequently, the company lost its right to enforce the debt against the dealer's assets.

Legislator headnote

AI generated

Section 10 of the Limitation Act 1973; Section 10 of the Limitation Act 1973: A creditor's right to claim payment is extinguished if legal action is not commenced within the statutory limitation period.

Keywords

AI generated
statute of limitations finance company installment debt limitation period enforcement barred consumer credit supreme court ruling

Cited Legislation

AI generated
Section 10 of the Limitation Act 1973

Cited Case Law

AI generated
KKO:1996:82
Supreme Court allows recovery of cars from bankrupt financier where ownership transferred before bankruptcy.
KKO:1994:53
Financier's failure to pay seller voids title transfer; buyer must return machine to seller.
KKO:1993:20
Supreme Court dismisses bankruptcy estate claim; ownership retention right remains with seller due to failed transfer.
AI generated
kko-precedent_1994_29
Finnish Supreme Court denies good faith purchaser protection due to buyer's failure to verify seller's title.
kko-precedent_1997_154
Supreme Court dismisses embezzlement charge where defendant sold collateral car to third party before full payment secured by finance company.
kko-precedent_1996_82
Supreme Court allows recovery of cars from bankrupt financier where ownership transferred before bankruptcy.
kko-other_1996_301
Supreme Court allows partial payment protection claim when installment buyer sues finance company for unpaid balance.
kko-other_1996_3194
Supreme Court rules financing company has priority over other creditors for repossessed car in bankruptcy.

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Full text

Autoliike oli siirtänyt osamaksusopimuksiin perustuvat oikeutensa rahoitusyhtiölle. Rahoitusyhtiö oli myös ostanut autoliikkeeltä vuokralleottajien valitsemia ajoneuvoja, jotka ajoneuvoleasingsopimusten perusteella oli luovutettu vuokralleottajien käyttöön. Rahoitusyhtiö ei ollut ennen konkurssiaan maksanut autoliikkeelle tämän saatavia. Kysymys omistusoikeudesta autoihin.

Ks. KKO:1996:82 KKO:1994:53 KKO:1993:20