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CONDOMINIUMS - Purchase and sale of - Deposits - Termination of purchase agreement - Written notice of rescission

Thursday, May 11, 2017 @ 8:32 AM  

Appeal by Talon International (Talon) from a decision which allowed the respondents’ applications for the return of deposits they had paid toward purchases of condo units in Talon’s development, Trump Tower. Several years after entering into their respective agreements of purchase and sale, the respondents, Yim and Harvey, each provided Talon with written notices of their intentions to terminate their transactions, based on material changes to the revised disclosure statement Talon had provided. Talon did not challenge the right of either Yim or Harvey to rescind...