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Trisha and Luke Have Lived Together for 10 Months in an Apartment

question 18

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Trisha and Luke have lived together for 10 months in an apartment in Ontario.They have just had a child together.What are they considered to be under Canadian law?

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Definitions:

360-Day Year

A simplified accounting method where each month is considered to have 30 days, resulting in a year total of 360 days, used in financial calculations.

Loan Period

The duration over which a borrower agrees to pay back a loan to the lender, typically expressed in months or years.

Ordinary Simple Interest

Interest calculated on the principal amount only, without compounding, usually over a period of a year or less.

360-Day Year

A financial convention or calculation basis where the year is assumed to consist of 360 days rather than 365 or 366 days, often used in interest rate calculations.

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