What is the test for fraud in the real estate context?
Ontario, Canada
The following excerpt is from Law Society of Upper Canada v. Renata Snidr, 2013 ONLSHP 108 (CanLII):
In the real estate context, fraud may be demonstrated by establishing that a party or parties to a transaction misrepresented material facts to a lender which led the lender to approve mortgage funds, thus placing the lender’s financial interests at risk: Law Society of Upper Canada v. Hatcher, supra.
"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
Does the Estate of Yehuda's Estate have to prove that there is a likelihood that the Estate will be able to claim severance? (Ontario, Canada)
Can a fraud on the market theory replace the inquiry into individual reliance in the secondary market context? (Ontario, Canada)
Is there any basis to interfere with a testator's choice of the respondents as estate trustees of his estate? (Ontario, Canada)
What is the third principle in the context of a real estate transaction? (Ontario, Canada)
What is the test for proving dishonesty of fraud in a real estate transaction? (Ontario, Canada)
How has the court interpreted the doctrine of misrepresentation in the context of square footage in real estate transactions? (Ontario, Canada)
What is the penalty for unknowing involvement in a real estate fraud? (Ontario, Canada)
What constitutes “other fraudulent means” in the context of corporate fraud? (Ontario, Canada)
What are the red flags of fraud in real estate transactions? (Ontario, Canada)
How have courts interpreted carelessness or recklessness in the context of an allegation of fraud? (Ontario, Canada)
