The appellant, Gerald Sternberg, appealed the dismissal of his action against Cresford Capital Corporation, seeking payment as a guarantor for a vendor take-back mortgage.
Sternberg had sold land to Cresford, which then assigned the agreement and mortgage to a single-purpose corporation that defaulted.
Cresford's name appeared as guarantor on the electronic mortgage registration, but Cresford argued this was an error and that no guarantee agreement existed.
The motion judge granted summary judgment to Cresford, finding no guarantee agreement.
The Court of Appeal upheld this decision, affirming that the motion judge correctly interpreted the agreements and that the electronic registration was an error inconsistent with the parties' bargain.
The Court emphasized the high standard of deference to the motion judge's contractual interpretation and found no reversible error.