The plaintiff, Leanne Briscoe, brought a motion for summary judgment against the defendants, 9327959 Canada Inc. and Stephan Yaworski, seeking repayment of a $150,000 loan.
The loan was evidenced by a promissory note that stipulated repayment by December 4, 2021, or upon the sale of a property, whichever occurred earlier, plus interest.
The property was not sold by the deadline, triggering the repayment clause.
The defendants argued the note was unenforceable due to a lack of consensus ad idem, adverse market conditions, and the rights of prior lenders, claiming verbal agreements supplemented the written terms.
The court found the promissory note clear and unambiguous, and that the defendants failed to provide specific, coherent evidence to support their claims, relying instead on bald allegations.
Exercising its enhanced fact-finding powers under Rule 20.04(2.1) of the Rules of Civil Procedure, the court determined there was no genuine issue requiring a trial.
Summary judgment was granted in favour of the plaintiff for $195,000 plus pre-judgment interest.