The receiver of the appellant appealed a motion judge's interpretation of an accounts receivable insurance policy with the respondent insurer.
The motion judge found that buyers' claims for set-off against amounts owing to the appellant constituted a 'dispute' under clause 7 of the policy, which deferred the insurer's liability to pay claims.
The Court of Appeal upheld the decision, finding no ambiguity in the clause and confirming that a dispute is not restricted to claims arising out of the unpaid shipment of goods.
The appeal was dismissed.
