Misrepresentation

Co-Lenders’ Personal Liability for Agent’s Misrepresentation #326

Legally Speaking

By Gerry NeelyB.A. LL.B. Raising financing for a specific project occasionally involves pooling the funds of a number of investors in a mortgage in favour of a limited company which is incorporated and managed by the persons who brought the project to the attention of the investors. An arrangement of this kind is often structured

Area, Mistake Discovered After Closing #157

Legally Speaking

By Gerry Neely B.A. LL.B A vendor innocently misrepresents the area of his lot as 10 acres when it is only six acres. If the purchaser relied upon this misrepresentation and discovered the mistake BEFORE completing his purchase, the probability of the purchaser being able to repudiate the contract is high. That probability may be

Breach of Duty and Fraudulent Misrepresentation #129

Legally Speaking

By Gerry Neely B.A. LL.B Termites, latent defect, non-disclosure, breach of duty, fraudulent misrepresentation, and all occurring in Toronto. A young couple purchased a home in an area of termite infestation which had started about five years prior to their purchase. They were aware of this problem because an earlier conditional offer made by them

Appraiser and Real Estate Licensees – Question of Liability #105

Legally Speaking

By Gerry Neely B.A. LL.B John and Joan were looking for revenue property which they found in 1980 thirteen miles east of Smithers Iying between the Yellowhead Highway and the Bulkley River. In addition to the house they intended to occupy, the parcel of land contained eighteen mobile home pads and a recreational camping ground