Insurance company and insured agreeing that insured replace building that was destroyed within 24 months to receive payment for recoverable depreciation, otherwise entitlement would be waived and forfeited — Building not replaced within that period — Insurer considering whether to approve a property insured sought to purchase after expiration of 24 month period — Insurer ultimately notifying insured that insured had forfeited its entitlement to recoverable depreciation — Whether the reasonable expectations of the counterparty play a role in the application of waiver — How does the organizing principle of good faith affect the application of the doctrine of waiver? — What principles should guide judicial discretion in relief from forfeiture? — dismissed 07/23/2020 — Supreme Advocacy acted as agent for the Respondent.

.Read the lower court decision from the ONCA here.