glasgowcyclist
Charming but somewhat feckless
- Location
- Scotland
Flippin' armchair critics.
Not bike related but years ago we bought two settees from a well known furniture chain who have and endless sale.We used the buy now,free for 12 months then 48 months interest free offer.
Anyway after about 18 months it dawned on the wife that no payment had been taken.I emailed the finance company...no reply.After numerous phone calls no transaction could be tracked down despite me having the agreement and order number.I copied and emailed all documents....nothing.The last conversation I had resulted in the company saying I must be mistaken.
That was probably 15 years ago and nothing ever came of it!
No court in the land is going to enforce a contract where one party simply couldn't be bothered to collect their money, so long as the debtor didn't actually refuse to pay after payment was requested. My approach to financial cock-ups in my favour is I set the cash aside in case it does get requested, until a good period of time has elapsed. I once had a (very large) sum of money credited to one of my savings accounts in error by the building society. It was only in there a few days before they realised the mistake and transferred it out again, but the interest I received in the meantime was nice! They didn't quibble about that, probably just relieved that I didn't empty out the account and do a runner. A few people I know would be on the other side of the world by now with that much buckshee cash.
You'll see from the above that this is exactly what did happen once, although the sum involved was only about a third of the million you stated. I was under no illusion I could just keep it, but was quite happy to bank the interest on it for the couple of days it sat there until the error was corrected. Sums like that are not going to remain "missing" for long, I suspect it was an error involving transfer of funds in a property transaction in which case it would definitely soon be noticed!Imagine this....say your Bank makes an error and credits your account with £1m and doesn't chase you for whatever reason. Do you think it's ok to keep the money or do you think you should notify the bank?