Is the Bank of Canada entitled to rely on advice from the receiver of Abacus?
British Columbia, Canada
The following excerpt is from Rogers v. Bank of Montreal, 1985 CanLII 317 (BC SC):
The bank also argues that the information which the receiver seeks on this application is not relevant to the issues raised by the pleadings in the sense that advice or knowledge which the bank obtained from other sources is no answer to its allegation that the receiver was retained to give advice and that the bank relied thereon, I disagree. The extent to which the bank was entitled to rely on advice from the receiver concerning the appointment of a receiver of Abacus will be dependent, to some extent at least, upon the bank’s knowledge of the principle enunciated in Lister v. Dunlop.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the current state of the law in Canada under s. 12 of the Canada-Canada Border Security Act? (British Columbia, Canada)
What is the case law in Canada on the subject of subsequent events which aggravate injuries received in a tortiously caused accident? (British Columbia, Canada)
Is a spouse entitled to receive a pension benefit from the Pension Corporation of BC Pension Corporation? (British Columbia, Canada)
Is a client entitled to keep his legal advice to himself? (British Columbia, Canada)
Is a defendant entitled to a portion of his SCBC pension entitlement? (British Columbia, Canada)
What is the test for determining whether a spouse is entitled to a reduction in the amount of support they receive from the other spouse? (British Columbia, Canada)
Is a defendant entitled to a claim for punitive damages even if he has received a sentence for one of the assaults? (British Columbia, Canada)
Is a child who is an elite athlete with professional-level prospects entitled to s. 7(1) of the BCSC's Child Support Guidelines entitled to be paid for extracurricular activities? (British Columbia, Canada)
Is a child of the marriage entitled to a university degree once the child has received his first degree? (British Columbia, Canada)
Is there any case law supporting the proposition that once a claimant has received a medical opinion that recommends that they be entitled to ICBC treatment? (British Columbia, Canada)
