Supreme Court

Decision Information

Credit Foncier Trust Company v Ranger Homes Ltd.

Court Supreme Court
Date 1985-11-14
Other citations [1986] NWTR 87
File numbers SC 7075
Judge(s) Marshall
Location Yellowknife
Cases and statutes considered Cases considered:
TRUST & GUARANTEE COMPANY LTD. V. RICE ET AL (1924) 2 W.W.R. 641 (SASK.);
HERITAGE SAVINGS AND TRUST CO. V. UNICORP INTERNATIONAL AND JANSEN (1981), 15 ALTA. L.R. (2D) 97;
CANADA PERMANENT TRUST CO. V. KING ART DEVELOPMENT LTD., KLAPSTEIN, BARATH, BAGOLY, BAGOLY, OWL DEVELOPMENTS LTD., ZURICH INVESTMENTS LTD., AND DRUCKER (1984) 54 A.R. 1972.
Decision information:

Abstract: Application to determine an appropriate price under a Rice Order - Parties in agreement to a Rice Order but unable to agree on price.
Decision: Price of $194,800.00 determined by Court using the income approach to valuation rather than fair market value - Price deemed reasonable in all the circumstances.
Keywords: Foreclosure
Rice order
Valuation - income approach - fair market value approach

Decision Content

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