What is the test for determining whether a contract of purchase is valid and enforceable?
Ontario, Canada
The following excerpt is from Montreuil et al. v. Ontario Asphalt Co. et al., 1920 CanLII 14 (ON CA):
The learned Chief Justice founded his judgment on the case of Young v. Denike, 2 O.L.R. 723, in which he thought that it was decided that a person having a contract of purchase was the owner of the land within the meaning of the statute which the respondent invoked.
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