The court considered whether an agreement of purchase and sale (APS) for a residential property between Kevin Curridor and Millstone Homes Inc. was valid and enforceable, and determined the appropriate quantum of damages.
The APS was found to be valid and enforceable under the "indoor management rule" of the Business Corporations Act, as there was no evidence that the plaintiff knew or ought to have known of any internal irregularities or fraud.
The court awarded damages based on the difference between the agreed purchase price and the market value, with certain deductions.
