By Gerry Neely B.A. LL.B Column 125 discussed how a mortgagor may be able to limit liability under the personal covenant of the mortgagee, upon the sale by the mortgagor of his residence. What is the liability of the purchaser of the residence, the person who, in the amendments, is referred to as the current …
By Gerry Neely B.A. LL.B The recession of the early eighties left many purchasers of homes unable to make the monthly payments under the mortgages they assumed when they bought their homes, or to sell their homes at a price sufficient to pay off the mortgages. In the resulting foreclosure actions, the mortgagees almost invariably …
By Gerry Neely B.A. LL.B Is a contract created by Fax Transmissions a contract in writing signed by the persons transmitting the offer or acceptance? Having been long accustomed to telegram and telex acceptances, the answer must be yes, if the Courts are prepared to accept this further technological advance in communication. One B.C.S.C. judge …
By Gerry Neely B.A. LL.B The response to the previous column discussing the lower rate of tax paid by a corporation carrying on an active real estate business confirmed that while everyone agrees that the federal deficit is too high, no one wants to be first in line to reduce it. The response also warrants …