Solution Library

Essentials of a Binding Contract

QuestionIn 1994, the Dryden Construction Co. contracted with the Ontario Hydro Electric Power Commission to build an access road seven miles long from its Manitou Falls generating station to provincial Highway No 105. The contract contained the following clause: The contractor agrees that he is full ... Read More

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Essentials of a Breach of Contract

QuestionShaw contracts with Universal Travel Services for an advertised three-week conducted tour through western Canada, including 5 days at the scenic and spectacular location of Banff. The itinerary also includes a stop at Castle Mountain. Instead of visiting this mountain Universal Travel Servic ... Read More

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Damages for Delay in Contract Execution

QuestionJones contracted with the Martin Floor Covering & Tile Co. to have her kitchen floor tiled. Before entering into the contract, Jones asked the manager of the company, whether, once the job was started, the workers would be left on it without interruption until it was completed. The manag ... Read More

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Cancellation of Contract

QuestionOn July 2, Curran, a sales representative for the Bright Lighting Company, obtained a written order from Watts for a generator suitable for his farmhouse.  A few hours later Watts phoned Curran and told him that he had changed his mind and wanted to cancel the order. Curran told Watts t ... Read More

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Differences Between Partnership Agreement and Contract

QuestionKuli owned a tobacco farm and entered into an agreement with Magory whereby Magory would work the land for Kuli for a year; be given possession of a house on the land during that period; receive from Kuli half the necessary supplies for the land and provide the other half himself; and market ... Read More

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Corporate Legal Entity of a Company

QuestionArthurs, Boulez and Coombes were the directors and sole shareholders of Driftwood Products Limited. After several years of hard work and considerable success, all three decided to take a vacation together and leave their office manager in charge of the business while they were away. They fle ... Read More

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Deviate Action Against Directors by Shareholders

QuestionMessrs. Forrest, Moss and Pine jointly purchased a piece of land located in Calgary for $1,000,000.00 with a view to erecting a large apartment building. They then incorporated Forest Park Apartments Ltd. and appointed themselves its directors. Forrest was a member of a small investment club ... Read More

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Consequences of Insufficient Assets for Paying Contract Price

QuestionIf the contract binds the partnership, but the assets of the partnership are insufficient to pay the contract price, what happens?SummaryThe question belongs to Law and the question discusses about the consequences if assets of the partnership are insufficient in paying the contract price. T ... Read More

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Consequences of Liability of Partnership

Question What is the consequence of liability being ‘joint’? SummaryThe question belongs to Law and the question discusses about the consequences liability of being in a joint or partnership. The solution discusses this in detail.Total Word Count 140 ... Read More

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Tortuous Actions Liability is Joint and Several. Discuss

Question Liability of tortuous actions is ‘joint and several’ – what does this mean? SummaryThe question belongs to Law and the question discusses about the liability of tortuous actions is joint and several. The meaning of this has been discussed in the solution.Total Word Coun ... Read More

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Do Directors Have to Implement Shareholders’ Resolution

Question Central Property Pty Ltd owns certain property. It is approached by Land Ltd which offers to buy the property at a good price in the current market conditions. The shareholders of Central Property Pty Ltd want the company to sell the land and pass a resolution requiring that the land be so ... Read More

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Rights and Liabilities of Silent Partner

Question Jason and John are partners in a partnership called Fancy Dress Suppliers’ which sells, rents and supplies fancy dress outfits and accessories. The business is having financial difficulties. Jason and John approach their friend Sam to provide them with some financial assistance and b ... Read More

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