A & G Investment Inc. v. 0915630 B.C. Ltd., 2013 BCSC 1784

Real Estate Litigation – Deposits – Conditions Precedent: our client had sold development property. The buyer sought to get out of the deal and made an improper claim for the return of its deposit and then sued. We successfully defended the suit and our client retained the deposit. The court held that the buyer’s improper claim had repudiated the purchase and sale agreement, entitling the seller to terminate the contract, retain the deposit, and counterclaim for any additional damages from the buyer’s failure to close.  View Reasons for Judgment