Examlex
Doe purchased an automobile from Jones for $1,000.Unknown to Doe,Jones had used the automobile as security for a loan from his bank,and the bank had registered its security interest in the automobile under the provincial personal property security registration legislation.A few months after the sale,Jones defaulted on the loan,and the bank discovered that Doe was in possession of the automobile.
-The bank has recourse against only Jones for the amount owing.
Inspecting
The process of examining something carefully in order to ascertain its condition, quality, or compliance with certain standards or regulations.
Lost Profits
Financial gains that could have been earned but were not due to a breach of contract or other wrongful act.
Consequential Damages
Compensation for losses not directly caused by a breach of contract but resulting as a foreseeable consequence of the breach.
Breach of Warranty
The failure to fulfill the terms of a promise or guarantee made about the quality or functionality of a product or service.
Q1: The inclusion of MD&A Management Discussion and
Q8: A system of advances is common under<br>A)a
Q12: A bricklayer unpaid for his last week's
Q15: While demolishing a building using a crane
Q17: How would a stock split affect each
Q20: Mr.Megabucks promises the Turtle Preservation Society of
Q35: American cases cannot be used in Canada
Q83: Henry has completed his 21<sup>st</sup> year in
Q88: A bailee for storage faces the same
Q128: A lease which that not specify a