A corporation is a legal entity separate in law from its owners and can own property, carry on business, possess rights, and incur liabilities. Because corporations are distinct legal entities, they can sue in their own names and enjoy perpetual existence. Businesses may be incorporated under Ontario’s Business Corporations Act or under the Canada Business...Read More
Section 8 is a statutory imposed trust often overlooked as a remedy for unpaid contractors, subcontractors and suppliers. In general, once the Plaintiff passes the legal elements of being a beneficiary or establishes the existence of the trust, the provision allows the Plaintiff the right to share in the fund. Further, a breach of trust...Read More
