The respondent loaned a killer whale to the appellant under a Breeding Loan Agreement.
The respondent later gave notice to terminate the agreement, but the appellant refused to return the whale, arguing the termination right was qualified by a prior Interchange Agreement and extrinsic evidence.
The application judge found the Breeding Loan Agreement was a clear, unambiguous, stand-alone contract permitting termination without cause.
The Court of Appeal upheld this decision, finding no ambiguity that would allow the admission of extrinsic evidence and concluding the termination provision was not commercially unreasonable.