Solved Questions

Question
updated 5 months ago
Category: Business Law
Resch v. Canadian Tire Corporation, 2006 CanLII 11930 (ON SC), 17 BLR (4th) 301 [Note: Your instructor may assign this case as a Shared Writing activity.] Resch purchased a bicycle for his stepson from a Canadian Tire dealership owned by Mills-Roy Enterprises Ltd. Because of a defective fork on the ...
Editor October 28, 2023
In the case of Resch v. Canadian Tire Corporation, there are several parties involved, including Resch (the plaintiff), the stepson, Canadian Tire Corporation, Mills-Roy Enterprises Ltd. (the dealership), and Procycle (View full solution)
updated 5 months ago
Category: Business Law
Explain why online transactions do not involve negotiable instruments. What has taken their place?
Editor October 28, 2023
Online transactions typically do not involve traditional negotiable instruments like physical checks or promissory notes. Several reasons contribute to this shift away from negotiable instruments in the online context, and (View full solution)
updated 5 months ago
Category: Business Law
Explain the nature of an endorsement and its significance on a negotiable instrument.
Editor October 28, 2023
An endorsement is a crucial element of a negotiable instrument, such as a promissory note or a check, and it plays a significant role in determining the rights and transferability (View full solution)
updated 5 months ago
Category: Business Law
Explain how the position of a holder in due course compares to the position of an assignee of contractual rights.
Editor October 28, 2023
The positions of a holder in due course and an assignee of contractual rights differ in the context of negotiable instruments, particularly in relation to their rights and protections. Here's (View full solution)
updated 5 months ago
Category: Business Law
Distinguish among a cheque, a bill of exchange, and a promissory note.
Editor October 28, 2023
Cheque, bill of exchange, and promissory note are financial instruments used in commercial and financial transactions, each with distinct characteristics and purposes. Here are the key distinctions among these three (View full solution)