14/09/2017 – Jurisdiction Alberta
Part 60 published on 01/12/2017
Former Director not entitled to compensation for arranging loans for corporation
A former Director claimed fees for services rendered in relation to loans arranged for the condominium corporation. The Court dismissed the claims for the following reasons:
- There was no intention to form a contract for the services;
- There was no entitlement to payment based upon quantum meruit;
- For some of the claims, the limitation period had expired;
- The Plaintiff was not entitled to charge the fees based upon Section 22 of the Real Estate Act.