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A province created a statute. A court ruled that the statute was ultra vires. That means that
Finance Company
A type of financial institution that provides loans to consumers and businesses, often for specific purchases such as vehicles, equipment, or home improvements.
Holds a Lien
Refers to the legal right or interest that a lender has on a property, until a debt owed by the property owner is paid off.
Implied Warranties
Legally inferred guarantees that ensure products meet minimum quality standards, providing protection beyond explicit statements.
Reasonably Fit
A measure of whether a product meets the ordinary purposes it is intended for, based on what a reasonable person would expect.
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