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Asif, a Mortgage Agent, has just provided the borrower disclosure document as required by the Mortgage Brokerages, Lenders and Administrators Act, 2 0 0 6
Asif, a Mortgage Agent, has just provided the borrower disclosure document as required by the Mortgage Brokerages, Lenders and Administrators Act, to his client, Abena. In this transaction, Asif is charging Abena a $ Broker fee, to be deducted on closing. Once Abena has properly signed this document which one of the following statements would be most correct?
Select one:
a This document is not a valid contract because it lacks legal intent
b This document is not a valid contract because it lacks consideration
c This document now constitutes a valid contract and Abena must pay Asif the $ fee
d This document is not a valid contract because it lacks legality
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