The plaintiff, Ronald Albert Ornsby, claimed $65,000 from the defendant, Robert A. Monteith, for the outstanding balance of a banquet hall business sale.
The defendant counterclaimed for rescission of the contract and return of $100,000, alleging breach of contract by the plaintiff for failing to provide full disclosure.
The court found that a valid agreement existed and was completed, with the defendant taking possession and operating the business.
The court rejected the defendant's claims of non-disclosure and that the agreement was conditional on corporate incorporation, finding the defendant personally liable.
The defendant's counterclaim for rescission was denied as the parties could not be returned to their pre-contract position due to the defendant having stripped and sold chattels from the premises.
Judgment was granted in favour of the plaintiff for $65,000 plus pre-judgment interest.