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Bennington Financial Corp. v. 2724112 Ontario Inc.

Background

  • Bennington, a commercial leasing company, leased ten heavy-duty bins to the defendants in March 2021.
  • Payments were made until February 2022, after which the defendants defaulted.
  • Bennington demanded return of the bins, but the defendants refused, leading to this lawsuit and a motion for summary judgment.

Defendants' Position

  • Argued the agreement was misrepresented as a lease but was actually a financing contract with unfavorable terms.
  • Alleged Bennington failed to provide proper disclosure, breached its duty of good faith, and that the contract was fraudulent.
  • Claimed the signature on the credit application was not Mr. Graham’s, denied signing the lease, and argued required financing steps were skipped.
  • Asserted that payments started before receiving the bins and were increased without notice.
  • A third-party claim against the leasing agent was dismissed due to the defendants' non-attendance.

Court's Findings

  • A recorded call confirmed Mr. Graham acknowledged signing the lease.
  • The defendants made payments for over a year, undermining claims of misrepresentation.
  • The court found no genuine issue requiring a trial and granted summary judgment for $61,792.45.

Interest & Costs

  • The plaintiff may seek post-judgment interest, but the court preferred the statutory rate over the 26.82% contractual rate.
  • Written submissions due: Plaintiff – February 28, 2025; Defendants – March 10, 2025.
Bennington Financial Corp.
Law Firm / Organization
Bennington Financial Corp.
Lawyer(s)

Seta Boyadjian

2724112 Ontario Inc.
Law Firm / Organization
Not specified
Christopher Graham
Law Firm / Organization
Self Represented
Superior Court of Justice - Ontario
CV-22-00002130-0000
Corporate & commercial law
$ 61,792
Plaintiff