Hydro-Electric Power Commission (Ontario) v Albright; 2 May 1922

References: 1922 CanLII 8 (SCC)
Links: Canlii
Coram: Idington, Duff, Anglin, Brodeur and Mignault JJ
Ratio:Supreme Court of Canada – Contract – Purchase of shares in company – Mortgage on company property – Security for bonds – Covenant to provide sinking fund – Earnings for calendar year-Payments at fixed date – Payments ‘accrued but not yet due’
This case cites:

  • Cited – In re Howell KBD ([1895] 1 QB 844)
    The court considered whether, a tenant having become bankrupt during the currency of a quarter, that part of the quarter’s rent apportionable to the part of the quarter before the order of adjudication should be held to be rent ‘accrued due’, within . .

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Last Update: 17-Jun-16
Ref: 564964