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Legal Blog:
Feb
01
2002
More Bulk
In our last newsletter, we promised to inform you of the latest case under the Bulk Sales Act (“BSA”): National Trust Co. v. H & R Block Inc., a 2001 unreported decision of the Ontario Court of Appeal.
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01
2002
Communication
The case is Lemieux v. Gibney-McCullough (2001), 55 O.R. (3d) 520 (Ont. S.C.J.). What we have here is a failure to communicate. Actually, what we think we have here is a failure to prove communication and a client, who entered into an agreement on trust, turning against his lawyer when he finds that the trust was misplaced.
Continue Reading >Feb
01
2002
Dead to Rights
Once a loan has been negotiated, the parties often turn their minds to life insurance. More specifically, the financial institution turns the borrowers’ minds to insurance. In essence, the loans officer becomes an insurance salesperson. The insurance offered is generally declining term insurance. It usually covers the insureds in the event of death for the loan amount at the date of death of a single insured or at the first date of death of one of multiple insureds.
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