A reasonably prudent director
Condo directors in Ontario are expected to exercise a certain degree of attentiveness, caution and prudence while carrying out their duties. This expectation is known as the “standard of care” and is set out in section 37(1) of the Condominium Act, 1998, which provides: Read the article……….
Ontario Court of Appeal Recognizes that “Business Judgment Rule” Applies to Condominium Board Decisions
In a couple of prior blog posts, we blogged about a case (3716724 Canada Inc. v. CCC No. 375), where
As the buying frenzy for new condos continues, a growing trend threatens to leave purchasers poorly protected against construction deficiencies.