Business & Commerce:

Matters involved in the trade of debts may include overdue credit accounts, private lending, bank loans, among many things.  Essentially, anytime a person...

Businesses often attempt to add terms of interest by showing an interest clause upon an invoice; however, where an interest charge was without agreement at the...

In Canada, inaccurate reports to credit bureaus, such as those in Albayate, Nammo, and Chrysler cases, can lead to liability for negligent reporting.

When a lender, such as a credit card provider, increases a credit limit without request or express approval of the debtor, the lender may be precluded from...

Delaying issuance of invoices may result in the loss of right to sue for unpaid accounts.  Reasonably prompt issuance of an invoice is necessary to avoid...

Business owners often attempt to encourage prompt payment by imposing delayed payment penalties (late fees) upon those who fail to pay on time. 

A collection agent seeking to collect overdue money is generally engaging in a lawful activity; however, collectors must conduct collection efforts within the...

From time to time, a person may be in a desperate situation and thereby agree to a loan with an exorbitant interest rate.  In some circumstances, such interest...

A promissory note is form of negotiable instrument whereby a party (the issuer) makes an unconditional promise in writing to pay a sum of money to another...

Generally, when a debt is owed, the creditor has two years to start a lawsuit from the time the debt became overdue; however, certain conduct of the debtor can...