The respondent (wife) brought a motion to enforce a consent order requiring the applicant (husband) to transfer his interest in a holding company and resign as officer/director, as a spousal tax-free capital rollover.
The husband refused to comply, arguing he was unaware he had signed a personal guarantee for the dental practice's line of credit and that the order should be set aside due to mutual or unilateral mistake, or unconscionability, as it did not address his release from the guarantee.
The court found no valid reason to set aside the order, noting the husband was represented by counsel, had an existing indemnity, and the wife had attempted to secure his release from the bank without success.
The court dismissed the husband's arguments of mistake and unconscionability, emphasizing that buyer's remorse is not a basis to disobey a consent order.
The motion to enforce the order was granted, compelling the husband to comply within seven days, regardless of the guarantee release, and ordering the wife to provide a further indemnity.