Time is of the Essence

The Ontario Court of Appeal just released a decision on 3 January 2024 dealing with the late payment of the funds on closing. Payment was due at 3:00 pm. At …

Consideration and Seals

In order to have a contract, you need either consideration or seals, one or the other, not both. For standard OREA Agreements, we have both. Consideration is a “promise for …

Civil Fraud

Civil Fraud Definition A statement made by a person: is fraud from a legal perspective. This definition does back to Derry v. Peek (1889 House of Lords, England). Any one …