More on Deposits

(Ontario) Question: I’m trying to find information about deposits. If schedule B says certified or draft, and a personal cheque is dropped off, can it be refused? What about sending …

3 Reasons for the Deposit

The deposit is not consideration in a transaction. It’s not like the nominal “$2.00 and other good and valuable consideration that is used for a Transfer”. The Deposit is designed …

20% Deposit is Good

The Ontario Court of Appeal just had an opportunity to consider the size of a deposit in an agreement. If it’s too large, it might be struck down as a …

Deposit Too Large to be Forfeited

On occasion, a deposit can be too large. Then, it becomes something of a penalty if it’s lost. The Court has the right to grant “relief from forfeiture” when it’s …