Law360 Canada ( November 12, 2021, 8:12 AM EST) -- Appeal by ESC Enterprises Inc. (ESC) and Strongco Plastics Ltd. (Strongco) from a ruling finding a Quitclaim Deed unenforceable and ordering payment to the respondent based on unjust enrichment. The parties sought to revive a bankrupt manufacturing company. The plan involved a secured loan to a new entity that would operate the business. The bankrupt company would transfer its assets to the new company under a general security agreement with a Quitclaim Deed provided in respect of certain unencumbered “trailered assets”. The project failed, and issues arose as to whether the Quitclaim was enforceable and whether the trailered assets were subject to the security agreement. In addition, the respondent former operator of the failed company sought payment for work undertaken in anticipation of the new business. The motion judge concluded that the Quitclaim was not a valid contract due to a lack of certainty and an absence of consideration, and hence was not enforceable. The former operator was awarded salary for his work undertaken based on unjust enrichment. ESC and Strongco appealed....