Examlex
In the three months before a $1 per pack cigarette tax took effect in Ontario, smokers bought 175 million more cigarettes than during the same period a year earlier. What explains this behaviour by consumers?
Novation
The process of replacing an obligation to perform with a new obligation or replacing a party to an agreement with a new party.
Statutory Assignment
An assignment of rights that an assignee may enforce if certain conditions are met by the assignment.
Equitable Assignment
An assignment that could be enforced if all parties could be brought before the court.
Constructive Trust
An equitable remedy that imposes a trust-like obligation on someone who has wrongfully obtained or holds legal property rights.
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