Steve Kolektur purchased an expensive original vase displayed in the window of the retail outlet Highlite Authentics & Originals. He paid the down payment of $10,000.00 and was to return 4 days later to pay the balance due of $110.000.00 and receive the vase. That night thieves smashed the window and stole the vase. Highlite is demanding payment of the balance while Steve is demanding the return of his deposit. State the result with reasons. Who is liable, and who has ownership after the vase is stolen? Under Canadian law.

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Under Canadian law the outcome of this situation would depend on the legal principles of contract law and the risk of loss Contractual Obligations Whe... View the full answer