Summary judgment granted to enforce settlement agreement; email acknowledgment validly extended limitation period.
The plaintiffs brought a motion for summary judgment to enforce a settlement agreement arising from a defaulted loan and promissory note.
The defendants argued the underlying debt was statute-barred, the interest rate was criminal, and the individual defendant did not sign as a guarantor.
The court found the promissory note was a demand obligation, the limitation period was extended by the COVID-19 suspension and a valid email acknowledgment, and the individual defendant clearly signed as a guarantor.
Summary judgment was granted in favour of the plaintiffs.
SCJSuperior Court of JusticeJun 14, 2022