Toronto-Dominion Bank v. Figliano et al., (1998) 59 O.T.C. 137 (GD)
Judge | Howden, J. |
Court | Ontario Court of Justice General Division (Canada) |
Case Date | January 23, 1998 |
Jurisdiction | Ontario |
Citations | (1998), 59 O.T.C. 137 (GD) |
TD Bk. v. Figliano (1998), 59 O.T.C. 137 (GD)
MLB headnote and full text
Temp. Cite: [1998] O.T.C. TBEd. MR.113
The Toronto-Dominion Bank (plaintiff) v. Anthony Figliano, Rosario Figliano and Aida Cabral (defendants)
Indexed As: Toronto-Dominion Bank v. Figliano et al.
Ontario Court of Justice
General Division
Whitby
Howden, J.
January 23, 1998.
Summary:
A bank sued on a mortgage covenant for the deficiency owed to it after default and sale of the mortgaged property. At issue was whether the defences of non est factum and breach of fiduciary duty could be accepted as evidence and whether the bank acted negligently on the sale of the mortgaged property, and if so, the consequences of such negligence to the bank's claim.
The Ontario Court (General Division) granted the bank judgment, rejecting the pleas of non est factum and breach of fiduciary duty and holding that the bank had not acted negligently.
Contracts - Topic 1601
Formation of contract - Mistake, misunderstanding or misrepresentation - Plea of non est factum - See paragraphs 4 to 11.
Contracts - Topic 1602
Formation of contract - Mistake, misunderstanding or misrepresentation - Non est factum - Bar - Carelessness or negligence - See paragraphs 4 to 11.
Equity - Topic 3607
Fiduciary or confidential relationships - General principles - Relationships which are not fiduciary - See paragraphs 12, 13.
Equity - Topic 3716.1
Fiduciary or confidential relationships - Commercial relationships - Mortgages - See paragraphs 12, 13.
Mortgages - Topic 7705
Mortgagee's remedies - General - Duty of mortgagee to mortgagor - See paragraphs 12, 13 and 20.
Mortgages - Topic 7851
Statutory and contractual rights - Sale under power of sale - Duties of mortgagee - Respecting sales price - See paragraphs 14 to 22.
Mortgages - Topic 8044
Statutory and contractual rights - Sale under power of sale - Deficiency judgment - Defences or bars - See paragraphs 4 to 13.
Cases Noticed:
Shoppers Trust Co. v. Dynamic Homes Ltd. (1992), 10 O.R.(3d) 361 (Gen. Div.), appld. [para. 10].
Lapierre v. Young (1980), 30 O.R.(2d) 319 (H.C.), dist. [para. 12].
Marvco Colour Research Ltd. v. Harris and Harris, [1982] 2 S.C.R. 774; 45 N.R. 302; 141 D.L.R.(3d) 577, refd to. [para. 13].
Hausman v. O'Grady (1986), 61 O.R.(2d) 96 (H.C.J.), affd. (1989), 67 O.R.(2d) 735 (C.A.), refd to. [para. 20].
Sterne v. Victoria & Grey Trust Co. (1984), 49 O.R.(2d) 6 (H.C.), refd to. [para. 20].
Continental Trust Co. v. Yorkario Investments Ltd. et al. (1989), 67 O.R.(2d) 737 (H.C.), refd to. [para. 20].
Siskind v. Bank of Nova Scotia (1984), 46 O.R.(2d) 575 (H.C.), refd to. [para. 20].
Municipal Savings & Loan Corp. v. 819035 Ontario Ltd. et al., [1995] O.J. No. 1695, folld. [para. 22].
Counsel:
Nicolette Holovaci, for the plaintiff;
James A. Hunter, for R. Figliano.
This action was heard on September 17-19, 1997, by Howden, J., of the Ontario Court, General Division, Whitby, who released the following reasons for judgment on January 23, 1998, in New Market.
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