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ARTICLE · 19 FEBRUARY 2014

The International Comparative Legal Guide To Securitisation 2013 Edition - Chapter 10

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Formalities. In order to create an enforceable debt obligation of the obligor to the seller

CanadaFinance and Banking
Michael Feldman
Michael Feldman
Jim Hong
Jim Hong
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Michael Feldman and Jim Hong authored the Canada overview for the 2013 edition of The International Comparative Legal Guide to: Securitisation. Published by Global Legal Group Ltd, London, the guide offers a broad analytical survey of how securitisation is regulated around the world. Michael Feldman and Jim Hong's Canada overview provides a variety of insights into Canadian securitisation issues tailored for an international readership.

1 Receivables Contracts

1.1 Formalities. In order to create an enforceable debt obligation of the obligor to the seller, (a) is it necessary that the sales of goods or services are evidenced by a formal receivables contract; (b) are invoices alone sufficient; and (c) can a receivable "contract" be deemed to exist as a result of the behaviour of the parties?

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