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Date of breach of contract affirmed for assessment of buyer’s damages
Thursday, March 31, 2022James R.G. CookLitigationReal Estate, Breach of Contract
In Akelius Canada Ltd. v. 2436196 Ontario Inc., 2022 ONCA 259, the Ontario Court of Appeal upheld a summary judgment decision that ...
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Court finds 500% “penalty” clause enforceable
Thursday, August 26, 2021Stephen A. Thiele, Howard WolchLitigationContract Law, Breach of Contract
In the law of contracts, a penalty is the payment of a stipulated sum on the breach of the contract, irrespective of the damage sustained. In general, where the penalty is...
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