Robitaille v. American Biltrite (Canada), [1985] 1 SCR 290 -- summary under Subparagraph 20(1)(p)(ii)

By services, 28 November, 2015

Before stating (at para. 5) that "the late payment by Pacific Mobile to American Biltrite was not only normal in the context of their business relationship, but was also standard for their particular industry," the Court stated (at para. 3):.

"It is not wise to attempt to give a comprehensive definition of the term 'ordinary course of business' for all transactions. Rather, it is best to consider the circumstances of each case and to take into account the type of business carried on between the debtor and creditor."

Topics and taglines
Topic
Income Tax Act - s. 20(1)(p)(ii)
Tagline
meaning of ordinary course
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
336201
Extra import data
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