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October 3, 2019 - The Bills of Exchange Act

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Law Society Classroom, 3rd Flr, 260 St. Mary Avenue, Winnipeg

The Bills of Exchange Act

October 3, 2019    │   12:00 noon - 1:30 p.m.
Law Society Classroom, 3rd Flr, 260 St. Mary Avenue, Winnipeg 

REGISTRATION FORM

Cheque this out!  ~ Lawyers advising on commercial transactions both big and small will want to attend this program on the federal Bills of Exchange Act which governs bills of exchange, cheques and promissory notes.

Professor Gerry Nemiroff will explain the background and purpose of the Act, review key provisions and share some of the practical issues and common misunderstandings relating to these negotiable instruments, with a focus on promissory notes.

Cy Fien, Fillmore Riley LLP, will then bring forward the practicing lawyer perspective and engage Professor Nemiroff in a discussion about questions that arise in everyday practice including:

  • Can a promissory note be back dated?
  • Can time of payment of a promissory note be made conditional on the occurrence of external events?
  • Can the amount of a promissory note be determined by reference to fair market value of an asset at the time the note is issued?
  • Are the answers to the preceding questions different if the note is marked non-negotiable?
  • Is Canada Revenue Agency correct in taking the position that it must be determined if a promissory note is issued as evidence of a debt or as absolute payment?
  • What are the rights of a third party to whom a cheque has been negotiated if a stop payment is put on the cheque?

 

Presenters:
Cy Fien, Fillmore Riley LLP
Professor Gerry Nemiroff, Robson Hall, University of Manitoba

In-person Registration Fee:
Lawyer - $95.00 (plus GST)
Student - $47.50 (plus GST)~ 50%  Discount
Note:
Registration fee includes materials and lunch.

Teleconference Registration Fee:
$70.00 plus GST (includes any materials sent electronically) 
Registrants will receive an email prior to October 3 with detailed instructions on how to connect to the program.

Eligibility For CPD Hours:
This program may be reported for up to 1.5 hours of eligible CPD activity.

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