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KKO 691/1997 AI generated

Supreme Court allows partial refund of excess share purchase price in forced auction when buyer paid more than the stated liability.

Case Number KKO 691/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Partially Allowed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court of Finland allowed the company to recover the portion of the share purchase price exceeding the three-month arrears liability. The buyers paid the full arrears via a transfer slip after the forced auction, but the auction notice had only specified the liability for three months. The court ruled that the transfer slip did not alter the original auction terms, so the excess payment was unjustly enriched and must be returned.

Legislator headnote

AI generated

s. 1000.1 C. 10; s. 1000.2 C. 10: In a forced auction where the notice specifies a limited liability period, payments made by the buyer exceeding that period are considered unjust enrichment and must be refunded to the company, as the transfer slip does not modify the auction terms.

Keywords

AI generated
forced auction share purchase unjust enrichment transfer slip arrears liability excess payment refund obligation

Cited Legislation

AI generated
s. 1000.1 C. 10
s. 1000.2 C. 10
AI generated
kko-precedent_1988_68
Supreme Court dismisses claim for unjust enrichment after forced auction freed property from liens without the other half-owner's cost.
kko-precedent_1990_87
Supreme Court allows claimant to recover unjust enrichment from buyer who paid joint debts via auction price reduction.
kko-precedent_1998_106
Supreme Court dismisses claim for unjust enrichment when bank receives partial payment from buyer's installment used to reduce seller's mortgage debt.
kko-precedent_1994_136
Supreme Court dismisses claim against apartment company where manager sold mortgaged shares to bad faith buyer.
kko-precedent_1987_64
Seller must compensate buyer for extra debt costs arising from undisclosed mortgage on sold property.

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Full text

Asunto-osakkeiden pakkohuutokaupassa oli ilmoitettu ostajan vastaavan kolmen kuukauden vastikevelasta yhtiölle. Osakkeiden ostajat olivat huutokaupan jälkeen isännöitsijän heille toimittamalla tilillepanokortilla maksaneet yhtiölle koko vastikevelan. Kysymys maksun palautuksesta kolmen kuukauden vastikevelan ylittävältä osalta.