Edward Hiutin

The Divisional Court issued a supplementary endorsement fixing the costs of the appeal.

Costs were fixed in the amount of $9,000 inclusive of disbursements, plus HST, payable forthwith by the respondents to the appellant.

The appellants appealed a summary judgment enforcing a debenture, arguing that a factual dispute over the exercise of an option and a claim for equitable set-off based on alleged misrepresentations raised triable issues.

The Court of Appeal dismissed the appeal, finding that the debenture created a stand-alone debt unaffected by the option agreement, and that the alleged misrepresentations did not go to the root of the respondent's claim.