NCA Commercial Law case studies
NCA Commercial Law · Put your knowledge to work in context.
The NCA Commercial Law examination is one of the subject-specific challenge exams administered through the National Committee on Accreditation (NCA) process for internationally trained lawyers and law graduates seeking to qualify in Canada. Candidates who receive a commercial law requirement in their assessment use this exam to demonstrate command of the Canadian statutory and common law framework governing business transactions. The NCA Commercial Law case studies are 5 cases and about 3,773 words.
1The Vanishing Inventory and the Perfected Creditor
Prairie Metal Works Ltd. borrows 400,000 from Northgate Bank and grants Northgate a security interest in 'all present and after-acquired inventory.' Northgate registers a financing statement under the PPSA on March 1 and perfects by registration.
716 words, about 4 min2The Cheque With Two Signatures and a Forged Endorsement
Halcyon Interiors Inc. draws a cheque for 75,000 on its account at Meridian Bank, payable to 'Ridgeway Contracting.' The cheque is signed by Halcyon's controller, who has authority to sign alone up to 50,000 and jointly with the CFO above that amount; the CFO's signature is absent.
627 words, about 3 min3The Preference That Wasn't and the Trustee's Avoidance Powers
Cedar Peak Manufacturing Inc. has been insolvent for eight months.
789 words, about 4 min4The Franchise Termination and the Competition Clause
Maple Leaf Coffee Co. grants a five-year franchise to Priya to operate a branded café in a defined territory.
767 words, about 4 min5The CIF Shipment, the Letter of Credit, and the Rejected Documents
Arbor Foods Ltd., a Canadian buyer, contracts to buy 500 tonnes of lentils from Sable Grain Exporters on CIF terms to the port of Montreal. Payment is by irrevocable letter of credit issued by Northbank, requiring a clean on-board bill of lading, a commercial invoice, and a certificate of quality.
874 words, about 4 min