Defaulting Purchaser Regains Deposit #164

Legally Speaking

By Gerry NeelyB.A., LL.B. The advantages to a vendor of the use of the Norfolk v. Aikens addendum to the standard form contract {Column 155) is apparent from a decision delivered October 24th, 1990, which allowed a defaulting purchaser to recover a $40,000 deposit. The purchaser’s offer was made prior to the Norfolk v. Aikens decision on the standard

Commission Earned During a One-Year Overholding Period #165

Legally Speaking

By Gerry NeelyB.A., LL.B. An Ontario listing agreement which expired on October 15th, 1984, had a one-year overholding clause. This entitled the agent to a commission if within that year, the property was sold, exchanged, leased or optioned to anyone who, during the listing period, was made aware through the marketing activities of the agent that

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