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Fiduciary (Bank)
Does a bank have a duty to a borrower to provide it with advice regarding a loan? If there is a duty and if it is breached, is it merely negligence or has the duty ascended the ladder to become a fiduciary duty? These concepts were discussed in Scavarelli v. Bank of Montreal, a 2004 decision of the Ontario Superior Court of Justice.
Continue Reading >Fiduciary (Bank)
Does a bank have a duty to a borrower to provide it with advice regarding a loan? If there is a duty and if it is breached, is it merely negligence or has the duty ascended the ladder to become a fiduciary duty? These concepts were discussed in Scavarelli v. Bank of Montreal, a 2004 decision of the Ontario Superior Court of Justice.
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