This application concerned the enforceability of Minutes of Settlement regarding the sale of a farm property within an estate.
The applicants sought to enforce the Minutes of Settlement to purchase the farm, while the respondents sought to have the property sold on the open market.
The court determined that the Minutes of Settlement constituted a contract, not a judgment.
It found that the applicants had repudiated the contract through extreme and inordinate delays in fulfilling their obligations, including failing to obtain an Agreement of Purchase and Sale (APS) or an Environmental Site Assessment (ESA) which they unilaterally imposed as conditions.
The respondents validly accepted this repudiation.
Consequently, the applicants were no longer entitled to purchase the farm property under the Minutes of Settlement, and the estate trustee was directed to sell the farm on the open market, with proceeds distributed according to the will.