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Legal Terms

Debtor – A person with a debt to another.

Creditor – The person to whom money is owed.

Garnishment – The seizing of a person’s property, credit or salary, on the basis of a law which allows it, and for the purposes of paying off a debt. (Source: www.duhaime.org)

Law Society – A statutory body created by the Legal Professions Act to which all lawyers must belong. The Society governs the admission of lawyers to the legal profession and disciplines them for misconduct. The society is operated by 28 Benchers elected by all the members of the Society to represent geographic regions of the province.

Mortgagee – The person to whom a mortgage document is conveyed by the mortgagor.

Mortgagor – The person who conveys a mortgage document to another, for the purpose of borrowing money from that lender.

Oppression remedy – is a statutory right available to shareholders. It enables shareholders to bring an action against the corporation in which they own shares when the conduct of the company has an effect that is oppressive, unfairly prejudicial, or unfairly disregards the interests of a shareholder.

Party – A person who is a party, i.e., a plaintiff or defendant in a civil law proceeding.

Pleading – the documents exchanged between parties in a civil law suit that govern the scope of the proceedings; usually a writ, statement of claim, statement of defence, reply, and particulars; pleadings are filed in the court registry and form part of the formal record of the case.

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