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Obligation to provide information to a surety Banque de Montréal v. Beaulieu S.C. 500-17- 047762-094 (October 5, 2011) Facts: - Beaulieu is the president and sole shareholder of 6513557 Canada Inc. (the "Company"). - The Company acquired the assets of 2700620 Canada Inc., a company operating a business selling equipment and materials to hotels and restaurants. - To partially finance the acquisition, the Company obtained a loan from the Bank. 18
Obligation to provide information to a surety Facts: - The security for the loan included a $200,000 personal guarantee from Beaulieu. - The Company lost significant sums of money over a 2-year period. Beaulieu met almost on a daily basis with the account manager and then with the person assigned from the "special account management unit" to discuss the financial situation. - The Bank agreed to forbear defaults in exchange for changes to the loan terms including an obligation of Beaulieu to inject more equity and to provide an additional $200,000 personal guarantee. 19
Page 1 and 2: Développements récents dans le do
Page 3 and 4: Financing
Page 5 and 6: Prepayment Right Section 10(1) of t
Page 7 and 8: Prepayment Right What did this mean
Page 9 and 10: Prepayment Right The federal govern
Page 11 and 12: Cautionnement L’article 123.66 de
Page 13 and 14: Cautionnement - octroi d’un cauti
Page 15 and 16: Cautionnement Épiciers Unis Métro
Page 17: Obligation to provide information t
Page 21 and 22: Obligation to provide information t
Page 23 and 24: Dépôts de garantie, retenues et c
Page 33 and 34: Article 2692 CCQ Hypothecs
Page 35 and 36: Article 2692 CCQ In what context mi
Page 37 and 38: The Positron Decision Facts (contin
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Page 41 and 42: The Positron Decision When is 2692
Page 43 and 44: The Positron Decision What the deci
Page 45 and 46: Règlement législatif des difficul
Page 47 and 48: Règlement législatif des difficul
Page 49 and 50: Additional Hypothecs Banque Nationa
Page 51 and 52: The Larouche Decision The deed cont
Page 53 and 54: The Larouche Decision Facts (contin
Page 55 and 56: The Larouche Decision Judge decided
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Page 59 and 60: L'arrêt Indalex de la Cour d'appel
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L'arrêt Indalex de la Cour d'appel
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Transfer Duties Basis of Imposition
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Sultan v. Gitman The clause in the
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Sultan v. Gitman In spite of all th
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