The Court of Appeal upheld an order for specific performance of a property buyback option, finding the optionor breached the duty of good faith by obstructing the transaction.
This appeal concerned the interpretation and breach of a "Buyback Provision" (BBP) in an agreement for the transfer of property.
The appellant, Mr. Quinn, argued that the BBP was an option requiring strict compliance, which the respondents, Ms. Jones and Mr. Jones, failed to meet.
The Court of Appeal characterized the BBP as an option but found that Mr. Quinn's agent acted in bad faith by obstructing the respondents' attempts to exercise the option.
The appeal was dismissed, upholding the lower court's order for specific performance of the buyback, with a minor clarification regarding the return of items.
OCACourt of AppealApr 29, 2024