Partnership – For Better or for Worse #150

Legally Speaking

By Gerry NeelyB.A., LL.B. When several people agree to buy property in their names with the intention of developing it for resale at a profit, but without any further agreement or discussion of what the legal relationship among them is to be, have they created a partnership? Joint ownership does not by itself create a partnership,

Interest – The Criminal Illegal Rate #151

Legally Speaking

By Gerry NeelyB.A. LL.B. In times like these we might feel that high interest rates are a crime, but they don’t become a crime under the Criminal Code of Canada until the effective annual rate exceeds 60%. Since a rate of 59% per annum baldly stated in a loan agreement would make even the most

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