The applicants sought a declaration of ownership over certain equipment and assets ("BuiltRite Assets") and an order compelling respondents to release them, asserting a first-ranking security interest.
The dispute centered on whether a Quitclaim effectively transferred ownership of "Trailered Assets" to Strongco Plastics Ltd. The respondents argued the Quitclaim lacked certainty and consideration, and that claims against the Hernandezes were stayed due to bankruptcy.
Marcelo Hernandez also cross-applied for compensation for work performed.
The court found the Quitclaim unenforceable due to lack of certainty and consideration, dismissing the applicants' claims regarding asset ownership.
The court also found ESC Enterprises Inc. unjustly enriched by Marcelo Hernandez's services and awarded him compensation.
