Can a vendor who entered into an agreement recklessly with a defective title rescind the agreement if they can't do so?
Ontario, Canada
The following excerpt is from Business Development Insurance Ltd. v. Caledon Mayfield Estates Inc, 2015 ONSC 1978 (CanLII):
It was held in Skariah v. Praxi, [1990] O.J. No. 472, at para. 62 that rescission is not readily available to a vendor who entered into the agreement recklessly and with full knowledge of his or her inability to remove a defect in title.
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