Tag Archive: collateral

Case Comment: Grant Estate et al. v. MICC [On making demand and collateral mortgages]

By Sam Billard of Aird & Berlis LLP

The Grant Estate case [312 D.L.R. (4th) 366 (R.S.O. 1990 C.L.15)] is, on its face, a decision relating to the Limitations Act (R.S.O. 1990 C.L.15) of Ontario which has since been replaced and so is of little interest. However, it is a sensible commercial judgment by the Ontario Court of Appeal of the sort we like to see. It makes a couple of points that affirm assumptions many have made about how the law works or should work, and is of some interest for that reason.