The following excerpt is from Musqueam Indian Band v. Glass, [2000] 2 SCR 633, 2000 SCC 52 (CanLII):
36 Unless the parties specify otherwise, the meanings of “land” and of “value” are well established in law. When land is sold, “land” refers to “a right to receive a good title in fee simple” unless the agreement states otherwise (Ball v. Gutschenritter, 1924 CanLII 40 (SCC), [1925] S.C.R. 68, at p. 71). “Land” is not given a special meaning in the Musqueam leases; in particular, it is not defined as a 99-year leasehold interest in the property under the lease.
"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.