The Statute of Frauds Does Not Apply to Mortgage Contracts

question 57

True/False

The Statute of Frauds does not apply to mortgage contracts.

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Definitions:

Sale of Goods Act

Legislation governing the sale of goods, ensuring rights, obligations, and remedies in transactions are clear and enforceable.

Constitution Act, 1982

A significant part of the constitution of Canada that introduced many fundamental changes, including the Canadian Charter of Rights and Freedoms.

Charter of Rights and Freedoms

A fundamental Canadian legal document that ensures its citizens are granted basic rights and freedoms.

BNA Act

The British North America Act, 1867, which created the Dominion of Canada by joining Ontario, Quebec, New Brunswick, and Nova Scotia into a single country under British rule.