SOCL 4441 Chapter Notes - Chapter 6: Financial Services, Toronto Star, Rescission
Document Summary
Consumer: individual acting for personal, family or household purposes and does not include a person who is acting for business purposes. Buyer is broader than consumer; consumer is a subset of buyer for personal/household purposes. Supplier: person in business of selling, leasing or trading in goods or services and include a supplier"s agent and person who holds themselves out as a supplier or an agent of supplier. Section 2(1): cpa applies to all consumer transactions if the consumer or person engaging in transaction with the consumer is located on ontario when transaction takes place, except those mentioned in section 2 and s. 2(3) This act does not apply in respect of: (a) consumer transc. regulated under the securities act (b) financial services related to investment product (c) financial products regulated under the insurance act. In determining whether this cpa applies, a court shall consider the real substance of the entity or transaction and in doing so may disregard outside form.
