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TERMS - Classification - Conditions - Conditions precedent

Friday, May 25, 2018 @ 8:26 AM  

Appeal by the plaintiff from an order of summary judgment dismissing his claim. The appellant was a real estate agent who wished to refinance two adjoining commercial properties. He contacted a mortgage agent with CIBC Mortgages' predecessor seeking a $600,000 mortgage. The agent recommended Home Trust as the lender. The appellant subsequently informed the agent that the property was owned by and registered under the company name of Network Cash Mart Ltd. (Network). The appellant executed a commitment letter on Home Trust letterhead in Network's name...