Some Provinces Have Provided Relief to Conditional Buyers by

question 51

Multiple Choice

Some provinces have provided relief to conditional buyers by

• A)making the buyer liable for any deficiency after resale of the goods.
• B)not allowing any allowing equity position to accumulate with progression of payments.
• C)knowing the resale of chattels to be "value destructive," requiring the conditional seller to turn over any surplus realized.
• D)allowing the use of the acceleration clause.
• E)giving recovery rights when debt is paid within a given period of time.

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Definitions:

Illegal

Prohibited by law or statute, making the action or activity unlawful.

Marijuana

A psychoactive drug from the Cannabis plant used for medical or recreational purposes, subject to varying levels of legal restriction.

Void From The Outset

A legal term referring to agreements or contracts that are considered invalid and without effect from the moment they are created.

Uterine Tube

Also known as the fallopian tube, it is the path through which an egg travels from the ovary to the uterus.