1427814 Ontario Limited v. 3697584 Canada Inc.

1427814 Ontario Limited v. 3697584 Canada Inc.

Because s.27 of the Mortgages Act applies only to debts and expenses "then due" and the claimed litigation costs were not yet incurred and therefore not then due, they do not fall within s.27; additionally the mortgage contained no s.30 declaration to contract out of the Act, so the appellant's claim fails and the...

Source-derived case information.

Citation
C41429
Parties
Respondent: 1427814 Ontario Limited; Appellant: 3697584 Canada Inc.; Co Appellant: Aird & Berlis LLP
Court
Court of Appeal for Ontario
Jurisdiction
Canada
Judgment Date
24 March 2005
Procedural Posture
Collection / Appeal to Court of Appeal From Superior Court Judgment
Outcome
Appeal dismissed
Legal Topics
Application of Mortgages Act S.27, Expenses Incident to Sale, Contracting Out Under S.30, Litigation Costs, Slander of Title
Source Language
en
Mortgages Civil Procedure Property Law Appeal Application of Mortgages Act S.27 Expenses Incident to Sale Contracting Out Under S.30 Litigation Costs +1 more

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Parties

1427814 Ontario Limited

Respondent

3697584 Canada Inc.

Appellant

Aird & Berlis LLP

Co Appellant

Procedural Posture

Collection / Appeal to Court of Appeal From Superior Court Judgment

  1. 1 Whether anticipated litigation costs fall within "expenses incident to the sale" under s.27 of the Mortgages Act
  2. 2 Whether proceeds of a mortgagee sale may be applied to litigation costs not yet incurred
  3. 3 Whether a mortgage without an express declaration under s.30 can contract out of the Mortgages Act

Ratio Decidendi

Because s.27 of the Mortgages Act applies only to debts and expenses "then due" and the claimed litigation costs were not yet incurred and therefore not then due, they do not fall within s.27; additionally the mortgage contained no s.30 declaration to contract out of the Act, so the appellant's claim fails and the appeal is dismissed.

Court Disposition

Appeal dismissed

Orders

  • Appeal dismissed
  • Costs to respondent fixed at $7,500 inclusive of disbursements and GST