The plaintiff, Lukey Capital Corp., brought a motion for summary judgment against the defendants for failure to pay a promissory note.
The defendants admitted signing the note and making some interest payments but failed to repay the principal.
They raised various defences, including lack of clear default definition, alleged amendment of terms, lack of demand, prejudice to other creditors, and concerns about the note's execution and legal representation.
The court found no genuine issue requiring a trial, concluding that the defendants understood their obligations and failed to meet them.
Summary judgment was granted in favour of the plaintiff for the principal, outstanding interest, and fixed costs.
