How have courts interpreted the terms of a composition deed?

Ontario, Canada


The following excerpt is from McLean v. Garland, 1884 CanLII 15 (ON CA):

The first is the case of Harrhy v. Wall, 1 B. & Al. 103, and merely decides that when a creditor signs and seals a composition deed, although he does not set the amount of his debt opposite to his name, yet he is bound by them terms of the composition to the amount of his then existing debt.

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