The applicants sought a declaration that "Reservation Agreements" for condominium units were binding contracts and that the respondent engaged in bad faith bargaining by proposing inconsistent terms in subsequent draft agreements of purchase and sale.
The court found that the Reservation Agreements were not binding contracts because they lacked essential terms, specifically the precise identification and location of the condominium units, and indicated that further terms (like down payment) needed to be agreed upon.
The court also noted that the Planning Act prohibited offering land for sale prior to plan approval at the time the agreements were made.
Consequently, the application was dismissed.