Solicitor Bar Exam Ontario Review Exam With 100% Correct Answers.

How does the BIA define person? {Ans: person is broadly defined but does not include banks, insurance or trust companies, loan companies, or railways.}after searching the title you find a violation of the Planning Act. What type of requisition letter is required? {Ans: a root of title requisition is required to address issues arising from title search which indicate planning act violations.}Your client wishes to purchase a condominium that is not covered by the LRRA. Which registers must be searched? {Ans: The common elements register, unit register, property parcel register, and corporate register.}partially intestate man named wife as personal representative without express or implied power of sale. They have a minor dependent. What must the wife do to effect sale of property for disposition according to will? {Ans: personal representative must obtain consent of beneficiaries in will to sell property for the purpose of disposition only.}LRIP {Ans: Low Rate Income Pool. Taxable income for a Canadian Corporation which has been reduced by SBD or tax deferral.}When is a short form amalgamation permitted under the OBCA? {Ans: The OBCA permits short form amalgamations to proceed without an agreement or shareholder approval. A short form amalgamation