Consumer Protection Act - Finlex

(3) If the payment is effected through a bank or the post, the payment shall, whenconsidering the rights of the seller referred to in sections 26–28, be deemedeffected on the date when the bank or the post has accepted the proper paymentorder of the buyer.Section 25 — Withdrawal of an order (16/1994)If the buyer breaches the contract by withdrawing the order before the delivery ofthe goods, the seller shall not have the right to adhere to the contract and todemand payment of the purchase price. Instead, the seller shall be entitled tocompensation for any loss he has incurred, in accordance with section 28.Section 26 — Overdue interest (16/1994)If the buyer is delayed in paying the purchase price, the seller shall, unless thecontract is withdrawn or cancelled, have the right to overdue interest inaccordance with the Interest Act (633/1982).Section 27 — Seller’s right to cancel the contract (16/1994)(1) If the buyer is delayed in the payment of the purchase price, the seller maycancel the contract if the breach of contract is essential.(2) If the seller has granted the buyer an extension for the payment of the purchaseprice and the extension is not unreasonably short, the seller shall also be entitledto cancel the contract if the payment is not then effected in time. During theextension, the seller may cancel the contract only if the buyer makes it knownthat he/she will not effect the payment in time.(3) If the buyer has gained possession of the goods, the seller may cancel thecontract only if he has reserved the said right in the contract or if the buyerrejects the goods. The right of the seller to invoke a term to repossess the goods,in the event that the buyer has been granted credit, is governed by chapter 7.(4) The seller shall not cancel the contract due to the buyer’s delay in payment oncethe overdue payment has been made.Section 28 — Seller’s right to compensation (16/1994)(1) If the seller cancels the contract due to the buyer’s delay in payment before thebuyer has gained possession of the goods or if the buyer cancels the order for thegoods in accordance with section 25, the seller shall be entitled to compensationfor any special costs that he has incurred due to the conclusion and performance19