8 ▁Category : 1 9 7 8 ▁establish ments ▁in ▁North ▁Korea <0x0A> </s> ▁South c ott ▁Est ates ▁Inc ▁v ▁Toronto ▁Catholic ▁District ▁School ▁Board , ▁, ▁is ▁a ▁land mark ▁case ▁of ▁the ▁Supreme ▁Court ▁of ▁Canada ▁in ▁the ▁area ▁of ▁commercial ▁law , ▁with ▁significant ▁impact ▁in ▁the ▁areas ▁of : ▁▁ ▁specific ▁performance ▁in ▁the ▁context ▁of ▁commercial ▁land ▁transactions ▁( t ogether ▁with ▁the ▁related ▁duty ▁of ▁mit ig ation ), ▁and ▁ ▁pier cing ▁the ▁corpor ate ▁ve il ▁for ▁single ▁purpose ▁subs idi aries ▁ ▁Background ▁South c ott ▁Est ates ▁Inc ▁su ed ▁the ▁Toronto ▁Catholic ▁District ▁School ▁Board ▁for ▁specific ▁enfor cement ▁of ▁a ▁contract ▁to ▁sell ▁it ▁ ▁of ▁land . ▁South c ott ▁Est ates ▁Inc ▁was ▁a ▁subs idi ary ▁of ▁Ball antry ▁Hom es ▁Inc , ▁a ▁developer , ▁and ▁special ▁purpose ▁entity ▁created ▁just ▁for ▁purch asing ▁and ▁developing ▁the ▁land . ▁The ▁deal ▁was ▁conditional ▁upon ▁South c ott ▁pay ing ▁a ▁ 1 0 % ▁depos it , ▁and ▁the ▁Toronto ▁School ▁Board ▁getting ▁sever ance ▁permission ▁from ▁Toronto ' s ▁Committee ▁of ▁Ad just ment ▁before ▁a ▁certain ▁date . ▁However , ▁the ▁Committee ▁refused ▁without ▁review ing ▁a ▁development ▁plan ▁for ▁the ▁land , ▁which ▁meant ▁sever ance ▁was ▁not ▁granted ▁in ▁time . ▁South c ott ▁su ed ▁for ▁specific ▁performance ▁or ▁dam ages . ▁ ▁At ▁trial , ▁South c ott ▁stated ▁it ▁never ▁had ▁any ▁intention ▁to ▁mit ig ate ▁its ▁loss