{"issue_text":"Whether plaintiffs have a cause of action against the first defendant","issue_type":"law","dispositive":"no","related_facts":"Existence of agreements, bank's actions in crediting/debiting accounts"}
{"issue_text":"Whether first defendant validly cancelled mortgage facilities","issue_type":"law","dispositive":"yes","related_facts":"Termination letters dated 2 June 2020, no breach alleged"}
{"issue_text":"Whether first defendant validly cancelled agreements of sale","issue_type":"law","dispositive":"yes","related_facts":"Same termination letters, supervening impossibility claimed"}
{"issue_text":"Whether first defendant should disburse remaining funds","issue_type":"mixed","dispositive":"no","related_facts":"Mortgage facilities, column 3 amounts"}
{"issue_text":"What remedies are available to plaintiffs","issue_type":"law","dispositive":"yes","related_facts":"Invalid termination, completed housing units"}
{"issue_text":"Whether costs should be on attorney-client scale","issue_type":"procedural","dispositive":"no","related_facts":"Bank's conduct in terminating without breach"}
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background
Facts of the Case
Background
The plaintiffs entered into agreements of sale and mortgage facilities with Steward Bank Limited for purchase of immovable properties between September and November 2018. The bank terminated both agreements in June 2020 citing economic difficulties, without alleging any breach by plaintiffs. The plaintiffs challenged the termination and sought specific performance.
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