TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ACTION PERMITTED [1 record]

Record 1 2011-09-06

English

Subject field(s)
  • Legal Actions
CONT

The lender is limited to a foreclosure (a quick private sale or a judicial foreclosure along with a deficiency judgment). This is the one authorized action that a secured lender may properly take, and the entire concept is referred to as the one-action rule. If the lender violates the rule, it might find itself unable to proceed against the borrower at all, or at best it will become an unsecured creditor.

French

Domaine(s)
  • Actions en justice
CONT

On demandera des ordonnances pour [...] j) ordonner que, dans les cas où une poursuite autorisée en vertu du sous-alinéa 4.06 i) est intentée, la quittance réputée prévue au paragraphe 11.01 est modifiée de façon à permettre que la poursuite se continue uniquement dans le cas de réclamations non éteintes.

Spanish

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