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Identify/define and Explain the Significance of the Following: Privy Council

question 73

Essay

Identify/define and explain the significance of the following: Privy Council.


Definitions:

Repossessed

The act of taking back goods or property by a seller or lender from the buyer or borrower due to non-compliance with the terms of the sale or loan.

Resold

The act of selling an item or property again, especially after purchasing it from the original seller.

Registration

A legislated requirement for incorporating a company in some jurisdictions in Canada.

Personal Property Security Act

A body of law that governs the rights of creditors and debtors with respect to personal property used as security.

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