The appellants appealed a trial judgment regarding a partnership dispute over a Muskoka business.
The trial judge found that while the parties were partners, their relationship was governed by an Acknowledgment document granting the appellant a conditional option to purchase shares, which he failed to exercise.
The Court of Appeal upheld the trial judge's findings that the shares never became partnership property under the Partnership Act and that the arrangement did not constitute a security interest under the PPSA.
The appeal was dismissed with costs.
