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  1. www.thecanadianencyclopedia.ca › contract-lawContract Law in Canada - The Canadian Encyclopedia

    Feb 6, 2012 · If the offer is accepted, the contract is then valid in principle. A contract is, above all, an instrument for the economic exchange of goods and services. Types of Contracts

  2. www.ontario.ca › page › your-rights-when-signing-orYour rights when signing or cancelling a contract - Ontario.ca

    Your rights when signing or cancelling a contract. Under the Consumer Protection Act (CPA), most agreements for a product or service that costs more than $50 must be in writing. See what should be included in a contract and how you may be able to cancel one.

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  4. www.ontario.ca › page › your-rights-under-consumerYour rights under the Consumer Protection Act | ontario.ca

    For most contracts, the company has 15 days to return your money. For payday loans, the company has to give you a refund within 2 days. If the contract was for a product, they are responsible for picking up the product or paying for it to be picked up if they want it back.

  5. www.canadianlawyermag.com › practice-areasWhat happens when you break a contract? | Canadian Lawyer

    Mar 31, 2022 · Most of the time, contract breakers will face a lawsuit – at worst. But Canadian law does include a criminal breach of contract, and violators could face up to five years in prison.

    • Aidan Macnab

  6. www.peopleslawschool.ca › cancelling-or-breakingCancelling or breaking a contract - People's Law

    Under BC law, you have a cooling-off period when you sign a contract: For a product or service you buy at home. For any direct sales contract, where you buy something in person at a place other than the seller’s permanent place of business, you have a cooling-off period of 10 days after you receive a copy of the contract.

  7. www.canadianlawyermag.com › practice-areas › realCan a buyer back out of an accepted offer in Canada?

    Dec 14, 2023 · Even if a buyer can back out of an accepted offer, they must prepare themselves for the legal consequences arising from such an act. Once an offer has been accepted by both parties and the purchase agreement has already been signed, it becomes a legally binding contract which must be followed.

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  9. ontariorealestatesource.com › offers-acceptanceOffers, Acceptance and the Irrevocable Period

    So, the conditional promise sits out there for acceptance until Z. That’s whatever time period the offeror seeks to unilaterally impose upon his offer. Once the time limit passes, the conditional promise expires. There’s no further opportunity for acceptance. Two Steps in Contract Formation

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