Ewachniuk Estate v. Ewachniuk, 2011 BCCA 510

Enforcement of Promissory Note – Appeal: On Appeal, we successfully upheld the trial decision granting the administrator of an estate judgment enforcing a $750,000.00 delayed demand promissory note. The limitation period for a demand promissory note or demand obligation begins to run as soon as the obligation is incurred. The promissory note at issue on this appeal was payable one year after demand. The issue on appeal was whether the trial judge was correct in finding that the limitation period did not begin to run until one year after demand was actually made. The issues raised on appeal required the analysis and review of the development of the law over the past two-hundred years.
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