Goddard's Ltd. v. Bank of Nova Scotia

MEMORANDUM OPINION

Plaintiff filed its complaint. Defendants have filed their answer and counter-claim. Both plaintiff and defendants have moved for summary judgment, plaintiff on its complaint and defendants on their answer. Defendants also move for dismissal of the complaint for not stating a cause of action. Arguments were heard on May 2,1966. The Court took the matter under advisement on that day.

I

As to defendants’ motion to dismiss the complaint for failure to state a cause of action, plaintiff in its complaint alleges an ultra vires personal loan made by a corporation officer assigning…