Since we wrote our blog post of March 30, 2020, entitled “Suspension of Mandatory Limitation Periods & Other Mandatory Time Periods for Commencement of Proceedings in British Columbia,” there has been an important change to the law in B.C.
Ministerial Order No. M086 (the “Prior Order”), discussed in that blog post, was repealed and replaced by Ministerial Order ...
Most claims that have to be pursued by way of a court proceeding are subject to a limitation period, i.e., a time period within which the court proceeding must be commenced. Failing to commence the proceeding within the limitation period results in the claim being barred.
The basic limitation period under the Limitation Act, R.S.B.C. 1996, c. 13, is two years from the date the ...
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 ...
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