AIG Insurance Company of Canada v. Priyance Hospitality Inc.

AIG Insurance Company of Canada v. Priyance Hospitality Inc.

The appeal was dismissed because the funds were paid to reduce a legitimate debt to a trustee who was lawfully entitled to receive them, who had no knowledge of the fraud and who altered its position in good consideration by deferring its receivership application; on these facts the appellant failed to establish...

Source-derived case information.

Citation
2017 ONCA 595
Parties
Appellant: AIG Insurance Company of Canada; Applicant (respondent in Appeal): Owen Rogers, Trustee; Respondent: Priyance Hospitality Inc.
Court
Court of Appeal for Ontario
Jurisdiction
Canada
Judgment Date
10 July 2017
Procedural Posture
Collection / Appeal From Motion Judgment
Outcome
Appeal dismissed
Legal Topics
Mistake of Fact, Lack of Consideration, Unjust Enrichment, Equitable Subrogation, Constructive Trust, Alteration of Position
Source Language
en
Civil Equity Commercial Insurance Mistake of Fact Lack of Consideration Unjust Enrichment Equitable Subrogation +2 more

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Parties

AIG Insurance Company of Canada

Appellant

Owen Rogers, Trustee

Applicant (respondent in Appeal)

Priyance Hospitality Inc.

Respondent

Procedural Posture

Collection / Appeal From Motion Judgment

  1. 1 Whether appellant could recover $600,000 paid to the trustee as a result of alleged fraud
  2. 2 Whether the defence of mistake of fact barred the trustee from retaining the funds
  3. 3 Whether lack of consideration or unjust enrichment supported restitution to the appellant

Ratio Decidendi

The appeal was dismissed because the funds were paid to reduce a legitimate debt to a trustee who was lawfully entitled to receive them, who had no knowledge of the fraud and who altered its position in good consideration by deferring its receivership application; on these facts the appellant failed to establish mistake of fact or entitlement to equitable remedies.

Court Disposition

Appeal dismissed

Orders

  • Appeal dismissed
  • Respondent entitled to costs of the appeal fixed at $17,500 inclusive of disbursements and HST