What is the proper moment to trigger the running of the statute of limitations for the purchase of a bus lease?
MultiRegion, United States of America
The following excerpt is from Finkel v. Stratton Corp., 962 F.2d 169 (2nd Cir. 1992):
Instead, plaintiffs assert that the proper moment to trigger the running of the statute of limitations is the moment when the plaintiffs actually paid the 90% balance of the purchase price and received the security on July 25, 1985. Plaintiffs rely principally on Raiford v. BusLease, Inc., 825 F.2d 351 (11th Cir.1987).
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