FIN 502 Chapter Notes - Chapter 5: Sports Equipment, Collaborative Law, Contract
Document Summary
Entire body of statues, regulations, and precedents govern relations between spouses, parents, and children: precedents- decisions reached in cases that went to trial and that are relevant to the issue under consideration. Relevant statues divorce act, family law act, income tax acts, regulations attached. Difference between separation and divorce: separation agreement- contract between spouses in which they agree to live separate lives and set various conditions. Important limitation concerns the welfare of minor children- has to meet external standards. Spouses still married: divorce- granted by a court upon application by a petitioner. Act governs all divorces in canada- end marriage. Grants to the court the power to make orders on all subjects relating to marriage dissolution. Married couples- 2 persons who completed a ceremony of marriage that is recognized. Spousal couple- 2 persons, same sex or opposite sex living in a conjugal relationship, regardless of whether they are married.
