Business
Expanding the Meaning of Latent Defect
A latent defect is a defect in a property you are buying or selling that cannot be detected through a reasonable but thorough inspection of the property. That’s not a perfect definition, but good enough for this article. A hole in the wall behind a door or damaged shingles on a roof are not latent [...]
PST on Sale of Business Equipment
I do a lot of sale of business transactions. Most often, buyers and sellers are not aware that the province of Saskatchewan requires the buyer to pay PST on any used equipment they are purchasing from the seller when they are purchasing the assets of a business. The seller has 2 options. They can charge [...]
Time is of the Essence
You often see the phrase “time is of the essence” in contracts. You’ll find it in my standard office to purchase form and most realtor forms. It means that whenever there is a deadline for something to be done, everyone will be held strictly to those dates and times. This is especially important for you [...]