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The lease was agreed to on August 19, 1960, and was to take effect for a term of fifteen years from October 1, 1960. The landlord's shopping centre consisted of 11 retail spaces and the supermarket was to be the anchor tenant of the venture. Clause 9 of the lease agreement provided that the tenant carry on "its business on the said premises ...
General Motors of Canada Limited v City National Leasing: Citations: 1989 CanLII 133 (SCC), [1989] 1 SCR 641: Docket No. 19724 [1] Prior history: APPEAL from a judgment of the Ontario Court of Appeal, (1986), 28 DLR (4th) 158, allowing in part an appeal from a judgment of Rosenberg J, (1984), 12 DLR (4th) 273. Ruling
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Car leases usually allow lessees to either return the car, trade it in for another, or buy it at the end of the lease period. Buying a leased vehicle might be the right move for some people, but ...
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