Canada Law

Ask a Canada Law Question, Get an Answer ASAP!

Ask an Expert,
Get an Answer ASAP!

My parents incorporated and transferred their land into the…

Customer Question
My parents incorporated and...

My parents incorporated and transferred their land into the company with a promissory note attached. No payments have been made and now my sisters who have been managing the company are having my mom sue the company for the unpaid promissory note. My sisters are both powers of attorneys of mom and also directors of the company. Is this not conflict?

Lawyer's Assistant: Because laws vary from place to place, can you tell me what state this is in?

Saskatchewan

Lawyer's Assistant: Has anything been filed or reported?

Not sure what you mean

Submitted: 7 months ago.Category: Canada Law
Show More
Show Less
Ask Your Own Canada Law Question
Answered in 5 minutes by:
1/2/2018
Lawyer: Debra, Lawyer replied 7 months ago
Debra
Debra, Lawyer
Category: Canada Law
Satisfied Customers: 106,013
Experience: Lawyer
Verified

Hello! My name is Debra (formerly known as Legal Ease). Thank you for your question. I'm reviewing it now, and will post back again shortly.

Ask Your Own Canada Law Question
Lawyer: Debra, Lawyer replied 7 months ago

I am sorry to hear of this difficult situation.

Why do your sister's want to do this?

Is your mother mentally competent?

Ask Your Own Canada Law Question
Lawyer: Debra, Lawyer replied 7 months ago

Did you get a chance to read my questions to you? I cannot answer you in a meaningful way until I gather the appropriate information. There is no charge for us going up and back of course.

Thanks!

Ask Your Own Canada Law Question
Customer reply replied 7 months ago
The promissory note is worth half a million and my mom shows signs of some dimentia the sisters want to force a sale of the land or take the land back so they can sell it through mom.
Lawyer: Debra, Lawyer replied 7 months ago

Is the POA for when your mother become incompetent?
Does the enforcement of the note help your mother?

Ask Your Own Canada Law Question
Customer reply replied 7 months ago
The sisters have had full control of the entire company and never paid a cent to the parents my dad had control of finances for 4 years and never paid himself or mom. I do not believe my mom needs the money and my sisters had their names on two accounts of dads before he died as joint owners for 187000 they never put mom name on account although dad left everything to mom
Lawyer: Debra, Lawyer replied 7 months ago

Is the POA for when your mother become incompetent?

Why do they want to do this?

Ask Your Own Canada Law Question
Customer reply replied 7 months ago
They got the piano in 2012 when my dad got sick
Lawyer: Debra, Lawyer replied 7 months ago

I don't understand.

If you meant the POA I need to know if it for when your mother is incompetent and also whether you think she cannot make decision for herself any more.

Also, I need to know why they want to do this.

Ask Your Own Canada Law Question
Customer reply replied 7 months ago
It is simple question can someone sit on a BOD for a company and sue the same company as POA for another?
Lawyer: Debra, Lawyer replied 7 months ago

That's not really the full issue but if you want that answered then the answer is they have to reveal a conflict of interest but they would not be suing the corporation on their own so it's not unlawful to do so.

If you want a more meaningful answer that actually covers the main issue which is not what you think is the main issue let me know but then I need the answer to my questions.

Please feel free to post back with any follow-up questions you may have. If you don't have any then I hope I have earned a 5 star rating but if you don't feel that I have please don't hesitate to reply back and let me know what more I can do to assist you. Finally, please know that even after you rate me I will be here for you and you can ask follow-up questions if you think of them later on at no further charge of course.

Ask Your Own Canada Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Debra Your Own Question
Debra
Debra
Debra, Lawyer
Category: Canada Law
Satisfied Customers: 106,013
106,013 Satisfied Customers
Experience: Lawyer

Debra is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Your Expert confirmed everything that I had been told, and didn't want to believe. Thank you for putting my mind at rest.

MonikaCanada

This has been very helpful. I'm glad to see that lawyers and sites like this exist. Thanks for your help.

MikeHalifax, NS

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

< Previous | Next >

Meet the Experts:

Tom B.

Tom B.

Barrister & Solicitor

2,263 satisfied customers

25 years in practice

LawyerProfessor

LawyerProfessor

Lawyer

836 satisfied customers

Experienced Litigation Lawyer in Ontario since 1999 and NY since 1997

Debra

Debra

Lawyer

106,013 satisfied customers

Lawyer

Jeremie John Martin

Jeremie John Martin

Lawyer

839 satisfied customers

I'm a bilingual attorney for the province of Quebec who goes to Court often for many clients.

Sokkalaw

Sokkalaw

Lawyer

312 satisfied customers

Lawyer in Ontario, Canada

CaptanLaw

CaptanLaw

Lawyer

250 satisfied customers

I'm a criminal defence lawyer, who assists individuals charged with crimes.

Mark A

Mark A

Lawyer

179 satisfied customers

Canadian Lawyer working at a Canada Law Firm

< Previous | Next >

Related Canada Law Questions
Here Is The Situation. Partner and I ran a previous company
Here Is The Situation. Partner and I ran a previous company (federally incorporated in Canada) - My partner wanted to go in a new direction with the company and start a new one, running the same opera… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
Small business question: i opened up a business with some one,
Small business question: i opened up a business with some one, this some one said he would sponsor the company's expenses and pay roll for about 10 people, it's been four months and be have invoice ab… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
We hired a contractor to renovate our house in Alberta. This
We hired a contractor to renovate our house in Alberta. This was an incorporated company the has since had their inorporated registration struck. This corporation is however the current declarant on a… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
Hello, My common law partner and my self have separated.
Hello, My common law partner and my self have separated. His father incorporated (2001) an company and the only assets of that company is a building/land (A) my ex is the only director of this company… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
I'm the eldest of 5 sisters and desperately need help with
I'm the eldest of 5 sisters and desperately need help with finding a solicitor who can take on an issue that has completely destroyed our family. Two sisters have helped themselves considerably to mon… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
Hi, I was working for a limited construction company when they
Hi, I was working for a limited construction company when they ended up going under and laying off everyone that Friday! We all received our cheques that ended up bouncing ( dishonored). I tried to wo… read more
Law.Hut
Law.Hut
Lawyer
Law degree (Juris Doctor)
6,458 satisfied customers
My mother passed away just recently. She never addressed a
My mother passed away just recently. She never addressed a loan/promissary note that my younger sister signed after my parents had loaned her some money to get herself out of legal matter. This is ove… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
What is the difference between a president and a general manager
What is the difference between a president and a general manager in a private corporation?… read more
Tom B.
Tom B.
Barrister & Solicitor
LLB Bachelor of Laws
2,263 satisfied customers
What are the options and consequence of breaking a business
What are the options and consequence of breaking a business partnership of an Incorporation? What is the consequence to resign as a director? No response from Partner A is good or bad? How long is it … read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
I have always been my moms caregiver......she did a land transfer
I have always been my moms caregiver......she did a land transfer and the deed was put joint in both our names...mom was in need of nursing care and the house was sold....half of the sale legally mine… read more
Expert
Expert
I am president of a company whose only assets are Oil Rights
I am president of a company whose only assets are Oil Rights on land homesteaded in Manitoba. What are the tax implications for myself and my 2 sisters who are equal shareholders within this company w… read more
D.A.M.
D.A.M.
Principal Attorney
Doctoral Degree
2,478 satisfied customers
Hi,I signed a secured demand promissory note with my father
Hi, I signed a secured demand promissory note with my father for the sum of 95,000 approx 14 years ago. The note was transferred to his sole hier, my mother, on his death. To date, no damend for payme… read more
Tom B.
Tom B.
Barrister & Solicitor
LLB Bachelor of Laws
2,263 satisfied customers
Hi. I have a question concerning a real estate agent who represents
Hi. I have a question concerning a real estate agent who represents both the buyer and the seller in the following situation in rural manitoba canada. The seller (my mom) has huntingtons disease, live… read more
D.A.M.
D.A.M.
Principal Attorney
Doctoral Degree
2,478 satisfied customers
I am settling my fathers estate and one of his debts is in
I am settling my father's estate and one of his debts is in the form of a promissory note. He and his sister are co-borrowers on a promissory note for $50,000 to their Uncle. Since he is now deceased … read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
I was hired on Feb 01 2009 as Clothing Designer on Contract
I was hired on Feb 01 2009 as Clothing Designer on Contract by Incorporation with a monthly salary, with signed work agreement. The company stopped paying me since April 01, avoid meetings, gave verba… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
I have Power of Attorney and I am executor for both my parents.
I have Power of Attorney and I am executor for both my parents. They are now living in an Extended care Facility in Alberta. They have farmland in Saskatchewan and their banking investments are in Sas… read more
Mitchell
Mitchell
Partner Lawfirm
LL.B. (Bachelor of Laws)
32 satisfied customers
I am considering making a loan to a business collegue. The
I am considering making a loan to a business collegue. The last paragraph of his promissory note states: "The Borrower hereby waives demand and presentment for payment, notice of non-payment, protest,… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
Information We are the owners of 2 quarters of land. We
Information: We are the owners of 2 quarters of land. We have a written lease with farmer renting our land for $30/acre. 1/2 payment due on May 1st, other half due on November 1st. 2008 was the last y… read more
Debra
Debra
Lawyer
Doctoral Degree
106,013 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x