Genidi v. North 45 Orchards Limited
The purchase and sale agreement unambiguously required conveyance of 10 acres from PID 20441911; the phrase ‘as designated by the Vendor’ is limited to designating which 10 acres within PID 911 and does not permit substitution of a different property; no genuine issue of material fact defeats the contract claim and North 45’s substitution defence has no real chance of success; plaintiff validly terminated for vendor default and is entitled to repayment of $570,000 with prejudgment interest from February 15, 2022.
Source excerpt
- Partial summary judgment
- Contract interpretation
- Remedies for vendor default
- Prejudgment interest
- Late filing and admissibility of affidavits