Joshua Had a Licence to Operate a Nursing Home in Scarborough.Under

question 68

Essay

Joshua had a licence to operate a nursing home in Scarborough.Under the legislation setting up the licensing scheme,the licence was fully transferable at the request of the licensee.Indeed,licences were bought and sold all the time along with the nursing home businesses that they related to.The licence could only be revoked on limited grounds by the responsible agency of the government of Ontario,and there was a right to appeal any decision to revoke the licence.Under the licence,Joshua operated Green Acres Nursing Home.In order to finance the building of an addition to the nursing home,Joshua borrowed $75 000 from the Bank of Ontario.As security for the loan,he gave the bank a security interest in all his personal property.A few months after he received the loan,Joshua defaulted.Can the bank seize the licence along with Joshua's other personal property?

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Definitions:

Convenience

The quality of being suitable or practical with minimal difficulty or effort; often an important factor in consumer decision-making.

Retail Partner

A business entity that sells products directly to consumers, often collaborating with manufacturers or wholesalers in a supply chain.

Selective Distribution

Lies between the intensive and exclusive distribution strategies; uses a few selected customers in a territory.

Retail Customers

Individuals who purchase goods or services for personal use from retail stores, as opposed to buying for business or resale purposes.