A promissory note is a written promise by a borrower to pay a sum of money to a lender upon the occurrence of an event, usually a demand for payment. Promissory notes are often used by friends and family members to record loans made between them. No one expects there to be problems at the outset and all are sure the loan will be repaid at some point. But how long do promissory notes ...
A recent case from the BC Supreme Court has highlighted yet again that a guarantee or indemnity of a lease (here now referred to as an “Indemnity”) does not necessarily assure payment to a landlord following a default by a tenant. The terms of the Indemnity must be carefully scrutinized and examined to determine if the specific circumstances outlined in the document are ...
Regrettably, this appears to be a case where the office of the Director of Civil Forfeiture has taken zealous measures outside the proper bounds of its home statute with the unfortunate effect of depriving a citizen of lawful possession and use of her property, putting that citizen to what I suspect is considerable expense and inconvenience to retrieve her property.
Those ...
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