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Legal Blog:
Feb
01
1999
Sloppy Builder
People who are shareholders in small corporations, simply do not learn. The word “Limited” means something; leave it out of a contract at your peril. Truster v. Tri-Lux Fine Homes Ltd. (1998), 39 C.L.R. (2d) 6 (Ont. C.A.) is a case in point.
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01
1999
Specialty
What’s a specialty? In order to satisfy the curiosity of readers everywhere, we are going to devote too much space to answer this question that has been burning in everyone’s minds. The corollary question, of course, is what relevance a specialty has. The Limitations Act raises the limitation period from 6 years for an ordinary contract to 20 years for a specialty. The very question arose in 872889 Ontario Inc. v. Iacovoni, (1998) 40 O.R. (3d) 715(C.A.).
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