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The scope of the Act is extremely broad, as it is concerned with every transaction which in substance creates a security interest, without regard to its form and without regard to the person who has title to the collateral. There are small differences between the provinces as to how far this extends, but the concept is basically the same.
the difference between what secured creditors would have received and what they actually received, because of the operation of the super-priority for pension plan contributions; alimony, support and maintenance payments; municipal taxes due and unpaid for the previous two years, to the extent that they do not constitute a secured claim
The requirement for consideration is the most significant difference between contract law in Québec and the common law provinces. At the international level, it is expressly rejected by the UNIDROIT Principles of International Commercial Contracts on the grounds that it yields uncertainty and unnecessary litigation, thereby hindering ...
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In Ontario there is a difference between a Mortgage Broker and a Mortgage Agent, although they perform much of the same tasks. While the terms Mortgage Broker and Mortgage Agent are similar, and Mortgage Brokers and Mortgage Agents fulfill many of the same functions, it is important note that there is in fact a difference.
In the most recent video, Magdanz described his visit to the newest grocery store in Kotzebue, recording some food and drink prices there.. Butter was on sale for $8.14 per pound, a quart of ...
Mortgage loan insurance is mandatory for federally-regulated lenders in Canada when the buyer of a home has less than a 20% down payment. [49] This insurance protects the mortgage lender against loss if a borrower defaults, and allows qualified borrowers to access homeownership at interest rates comparable to those offered to buyers with larger ...
Almost 43 million Americans carry student loan debt. Forbearance and deferment are two ways borrowers can freeze their payments. Here are some factors to consider before requesting either one.