The Quebec Civil Code also allows the seller the right to take back the goods and consider the sale resolved if within thirty days of delivery, the buyer fails to pay the purchase price. This right to repossess the goods is subject to four conditions, all of which must be met. The Bankruptcy and Insolvency Act , a federal statute which applies throughout Canada, also contains sections with respect to the right of the unpaid supplier to repossess goods from a buyer who has gone bankrupt within thirty days of delivery. When payment is late, the seller may claim interest. The rate is the rate agreed to between the parties, and if there is no agreed rate, the legal rate is applied.
Interest is calculated from the due date.
If there is no specified due date, the interest is calculated from the expiration of the date set forth in the default notice. Warranty Under Quebec civil law, the seller is bound to warrant the ownership and quality of the goods sold. Where the buyer ascertains that the product is defective, he must give a notice in writing to the seller within a reasonable time after discovering the defect. Where the defect only appears gradually, the time period begins to run on that day when the buyer could have suspected the seriousness and extent of the defect. The Civil Code is silent in this regard.