GSA - general security agreement
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A GSA will usually contain representations and warranties and positive and
negative covenants. But a GSA cannot create a valid legal charge over real
property interests.
PUC calculation
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stated capital / # of shares paid
,W is purchasing land to operate as a museum however, W is having difficulty obtaining
financing. What remedy is available to the seller?
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Repudiation occurs when a party acts in such a way as to permit the other
party to assume they no longer intend to complete the transaction.
What off title searches are required for commercial transactions?
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Building Department, Electrical Safety Authority-Work Orders,
Unregistered Hydro Easements
The BMO would like to draw up a loan in foreign currency. As counsel what would you
advise?
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The Currency Act provides that a judgment may only be made in Canadian
dollars but the CJA outlines how foreign currency agreements are to be
converted for enforcement purposes.
What is not a component of a general security agreement?
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, A GSA will
What cannot be confirmed by a corporate search of a small closely held CBCA
corporation?
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A corporate search will not confirm the names of shareholders.
describe three ways in which priorities set out in the PPSA can be altered where there
is more than one significant secured creditor of a debtor.
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three ways the personal property security act priorities can be altered by
multiple creditors include priority agreements, subordination agreements,
inter-creditor agreements.
capital loss calculation
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ACB greater than PUC
Is a corp. required to circulate all shareholder proposals received within the time
frame?
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Sec. 99 of the OBCA sets out a number of reasons why a corp may refuse
to circulate a shareholder proposal.
A voting shareholder for an OBCA corp. submitted a proposal on March 1, requesting
the matter be raised at a special meeting on April 1. Is the corp. required to circulate
the proposal?
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A corp. is not required to circulate a shareholder proposal if 60 days notice
is not given.
What property categories are excluded from the calculation of estate administration
tax?
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Real property outside of Ontario is not considered in estate administration
tax.
What is unlikely an expected inclusion in an opinion from a lawyer on a corporate
purchase?
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Give this one a try later!
A GSA will usually contain representations and warranties and positive and
negative covenants. But a GSA cannot create a valid legal charge over real
property interests.
PUC calculation
Give this one a try later!
stated capital / # of shares paid
,W is purchasing land to operate as a museum however, W is having difficulty obtaining
financing. What remedy is available to the seller?
Give this one a try later!
Repudiation occurs when a party acts in such a way as to permit the other
party to assume they no longer intend to complete the transaction.
What off title searches are required for commercial transactions?
Give this one a try later!
Building Department, Electrical Safety Authority-Work Orders,
Unregistered Hydro Easements
The BMO would like to draw up a loan in foreign currency. As counsel what would you
advise?
Give this one a try later!
The Currency Act provides that a judgment may only be made in Canadian
dollars but the CJA outlines how foreign currency agreements are to be
converted for enforcement purposes.
What is not a component of a general security agreement?
Give this one a try later!
, A GSA will
What cannot be confirmed by a corporate search of a small closely held CBCA
corporation?
Give this one a try later!
A corporate search will not confirm the names of shareholders.
describe three ways in which priorities set out in the PPSA can be altered where there
is more than one significant secured creditor of a debtor.
Give this one a try later!
three ways the personal property security act priorities can be altered by
multiple creditors include priority agreements, subordination agreements,
inter-creditor agreements.
capital loss calculation
Give this one a try later!
ACB greater than PUC
Is a corp. required to circulate all shareholder proposals received within the time
frame?
, Give this one a try later!
Sec. 99 of the OBCA sets out a number of reasons why a corp may refuse
to circulate a shareholder proposal.
A voting shareholder for an OBCA corp. submitted a proposal on March 1, requesting
the matter be raised at a special meeting on April 1. Is the corp. required to circulate
the proposal?
Give this one a try later!
A corp. is not required to circulate a shareholder proposal if 60 days notice
is not given.
What property categories are excluded from the calculation of estate administration
tax?
Give this one a try later!
Real property outside of Ontario is not considered in estate administration
tax.
What is unlikely an expected inclusion in an opinion from a lawyer on a corporate
purchase?
Give this one a try later!
