Payment & Receipt

constructive receipt of amount deducted on account of fees that were the recipient’s obligation

replacement of note with capitalized note with note for full amount did not constitute payment by novation

set-off of debt constituted payment thereof

promissory note accepted as absolute payment for the transfer of s. 28 inventory

RRSP premium “paid” when cheque received by issuer, not when it’s deposited

there can be a payment even where there is a resulting trust in favour of the payor

amounts paid by set-off are both paid even though no movement of funds

Insurance proceeds received by borrower where applied to repay its loan

payment at direction of annuitant is payment by annuitant

advance on another party’s behalf established a loan