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06 Nov 09

CanLII - 2009 CanLII 60408 (ON S.C.)

Construction Lien Trust [11] That decision makes the point that where a breach of trust is alleged, the initial onus is on the plaintiff to prove the existence of the trust by showing three elements:
(a) the owner received money on account of the project;
(b) that the plaintiff supplied materials on that project; and
(c) the plaintiff was not paid.

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Law Construction Lien Trust accounts Payment

  • [32]      In my view the defendants
    cannot be allowed to benefit from their refusal to supply the plaintiff with the
    required information. It would be deleterious to provide an incentive to
    trustees to avoid keeping beneficiaries informed, despite their requests. The
    defendants should not benefit when the beneficiaries act reasonably in the face
    of an information gap created by the defendants. The advantage of this principle
    is that it provides an incentive for the contractor or owner to be forthcoming
    in the provision of information, but still requires the supplier or
    subcontractor to be proactive in making information requests. In other words if
    there is a duty imposed on the one party to inquire, there is a like duty on the
    other party to answer
08 Sep 08

Murano v. Bank of Montreal, 1995 CanLII 7410 (ON S.C.)

It is an implied term of the contract between a banker and its customer that the banker will not divulge to third parties, without the consent of the customer, either the state of the customer’s account, or any transactions with the Bank, or any information relating to the customer acquired through the keeping of an account.

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Law notice disclosure accounts banks

  • the disclosure in this case was not reasonably necessary for the protection of
    the Bank’s own interest or for the protection of the public
  • To what information does the obligation of secrecy extend? It clearly goes
    beyond the state of the account, that is, whether there is a debit or a credit
    balance, and the amount of the balance. It must extend at least to all of the
    transactions that go through the account, and to the securities, if any, given
    in respect of the account; and in respect of such matters it must, I think,
    extend beyond the period when the account is closed, or ceases to be an active
    account. It seems to me inconceivable that either party would contemplate that
    once the customer had closed his account the bank was to be at liberty to
    divulge as it pleased the particular transactions which it had conducted for the
    customer while he was such
  • 3 more annotations...
21 Jul 08

Ledrew v. Conception Bay South (Town), 2003 NLCA 56 (CanLII)

The municipality cannot, therefore, simply be called upon to account in the manner that a trustee, an agent or a mortgagee in possession can be required to account for the handling of property or funds rightly belonging to the person seeking the accounting.

www.canlii.org/...2003nlca56.html - Preview

Law Property Tax Accounts

  • The municipality cannot, therefore, simply be called upon to account in the
    manner that a trustee, an agent or a mortgagee in possession can be required to
    account for the handling of property or funds rightly belonging to the person
    seeking the accounting.
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