Canadian Forms & Precedents, Banking and Finance
|Area||Corporate and Commercial|
Article originally published in LexisNexis' "Canadian Forms & Precedents, Banking and Finance".
Excerpt from"Legal Opinions":
Title 8 contains a number of forms of legal opinion for use in connection with various types of lending transactions. Form 8F1 cover loans secured by mortgages of realty. Form 8F2 is a simplified form of legal opinion that might be rendered by in-house counsel. Form 8F3 is an example of a legal opinion that may be given in connection with the issue of notes by a corporation and includes language commonly used when replying on opinions of counsel in jurisdictions other than Ontario. Form 8F4 is an example of a legal opinion to be given in connection with the granting of security over personal property under the Personal Property Security Act (Ontario). Form 8F5 provides a number of qualifications that may be appropriate in any enforceability opinion, depending on the parties and the provisions of the documents.