21. A set-off is a right existing between parties that owe each other money where their respective debts are mutually deducted, leaving the applicant to recover only the residue (see Black’s Law Dictionary, revised 4th edition, at paragraph 1538). When the desired set-off is closely enough connected with an applicant’s claimed rights that it would be unjust to proceed without permitting a set-off, equitable set-off may be applied (see Jamieson v. Loureiro, 2010 BCCA 52 at paragraph 34).
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