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The Bigco Company Limited is the owner of a number of commercial buildings in a large Ontario city.One of the directors,Michael,suggested that the corporation purchase a large apartment building.Another director,Christine,was the owner of a one-third interest in the building.
-The purpose for which the securities are sold must be set out in the prospectus.
Time Instrument
A legal document that promises payment of a specified amount of money at a set time or times in the future.
Overdue
A term describing a payment not made by its due date or an action not completed by the scheduled time.
Installment Payment
A method of payment where the total cost is divided into multiple scheduled payments over a period.
Unauthorized Signature
A signature placed on a document by someone not authorized by the proper entity or individual, potentially leading to legal issues.
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