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There was a fairly recent case [0] exploring a situation in which the amount of time is 0. In that jurisdiction, if somebody owes you money and pays you money,
by hansvm 3y ago
There was a fairly recent case [0] exploring a situation in which the amount of time is 0. In that jurisdiction, if somebody owes you money and pays you money, they aren't entitled for that particular payment to be returned just because it was an "accident".
[0] https://www.google.com/amp/s/amp.cnn.com/cnn/2021/02/16/business/citibank-revlon-lawsuit-ruling/index.html https://www.google.com/amp/s/amp.cnn.com/cnn/2021/02/16/busi...
- pjc50 3y agoThe "if they owe you money" is very important here.
- cschneid 3y agothat is a different case. That was a payment on a real debt, just earlier than intended (and due to a mistake). The top comment was talking about money that wasn't even billed. They don't have any actual service or product it was tied back to. Also if they do have agreements with that insurer (just no payments pending), there is going to be a contract overriding default law which probably covers how to handle mistakes.
- rmasters 3y agoThat ruling was overturned on appeal. https://www.reuters.com/markets/us/citigroup-wins-appeal-over-mistaken-revlon-wire-transfer-2022-09-08/ https://www.reuters.com/markets/us/citigroup-wins-appeal-ove...
- hansvm 3y agoInteresting!
- PKop 3y agoThe question was obviously referring to money not owed.
- hansvm 3y agoAbsolutely (hence the low word count, many of which were dedicated to highlighting that distinction). When learning about a topic though, it's helpful to explore surrounding ideas.