The plaintiffs sued the defendant for $120,000 owing on a promissory note signed in connection with the defendant's purchase of a family restaurant business.
The defendant argued the note was unenforceable due to undue influence, lack of consideration, and mistake, and counterclaimed for the return of payments already made.
The court found the defendant's evidence unreliable and accepted the plaintiffs' evidence that the note represented the assumption of an antecedent debt owed by the previous owner.
The court held there was no undue influence, valuable consideration existed, and there was no mistake.
Judgment was granted in favour of the plaintiffs for $120,000 plus prejudgment interest, and the counterclaim was dismissed.