Legal Question in Business Law in Massachusetts

Can an Oil company bill finance charges

For the last two years I purchaed oil from my Landlord's oil company in Needham. The landlord's mother (owner) had a 30 year history with this oil company and maintence contract with them. Furnance / oil burner 30+ years old and in fair - good working condition. At request of landlord used this company to purchase cash price (paid upon delivery) or non-cash price (paid over time without a contract or maintence contract). As of last April owed $900 on non-cash oil deliveries. Haven't had money to pay bill back. Now owe an additional $300 in finance charges. Able to pay off bill in full upon income tax refund next month. Am I liable for the finance charges too?


Asked on 1/16/09, 1:40 pm

3 Answers from Attorneys
henry lebensbaum Law Offices of Henry Lebensbaum (978-749-3606)

Re: Can an Oil company bill finance charges

Depends on your agreement.

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Answered on 1/19/09, 5:19 pm
Joseph Murray Joseph M. Murray, Esq.

Re: Can an Oil company bill finance charges

If their invoice stated there will be interest charged on bills over 30 days old and you did not reject those terms in writing you are liable to pay the interest.

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Answered on 1/16/09, 8:37 pm
JOHN TATOIAN LAW OFFICE OF JOHN A. TATOIAN ESQ.*Licensed Only in Massachusetts

Re: Can an Oil company bill finance charges

It depends upon the specific terms and conditions of the agreement between you and the oil company. Depending upon other factors, you may have rights under the Federal Truth In Lending Act.

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Answered on 1/25/09, 11:12 am


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