Business Beat

Summary of legislative changes including to Manitoba Personal Property Security Act, Ontario Repair and Storage Liens Act, Ontario Consumer Protection Act, Forfeited Corporate Property Act and Escheats Act.

Changes under the Personal Property Security Act (Ontario) to (i) the consumer goods rules and (ii) the location of debtor rules in respect of conflict of laws.

Repealing Five Year Cap on Ontario PPSA Registrations for "Consumer Goods" Collateral; Schedule 35 to the Building Ontario Up Act (Budget Measures), 2015;

Motors Liquidation Co.; Myers v. Blackman; RBC v. Trang; Mohawks of the Bay of Quinte v. Brant; Markplan v. Magazine Acqusition Corp.; International Hi-Tech Industries Inc. v. R.; Accra Wood Products Ltd.; Champion Feed Services v. Hospers; Ottawa Metro Towing v. TD Bank; Kong v. Saunders; TD Auto Finance v. Yan; Alignvest Privae Debt v. Surefire Industries; Ramon Presbitero Amuco.

Alberta Guarantees; Water Heater Rentals; Towing Vehicles; Securities Transfer Act (Yukon)

What level of support is needed to confirm that a document was properly executed, such that it would be binding on, and enforceable against, the corporate signatory?

The Supreme Court of Canada has held that the common law imposes a duty on parties to a contract to perform their obligations honestly.

In September 2014, the Supreme Court of Canada issued a trilogy of decisions involving the application of Quebec’s Consumer Protection Act fee disclosure rules to credit card agreements.

KBA Canada Inc. v. 3S Printers Inc., Coast Mountain Aviation Inc. v. M. Brooks Enterprises Ltd., CFI Trust v. Royal Bank of Canada, Lemare Lake Logging Ltd. v. 3L Cattle Co., Royal Bank of Canada v. Atlas Block Co. Limited, GMAC Leaseco Corp. v. Jaroszynski, Wells Fargo, N.A. v. Best Theratronics Ltd.