Romantic Relationship Ends in Legal Dispute Over $80,000 Loan
A Vancouver man, Xinlong Wang, has taken legal action against his ex-girlfriend, Yi Hsuan Lee, alleging that she failed to repay an $80,000 loan he extended during the course of their six-month relationship. The claim, filed in B.C. Supreme Court, sheds light on the financial entanglement that unfolded between the two parties.
Wang and Lee began their relationship as friends in June 2022, eventually transitioning into a romantic partnership. Within a short span, their relationship took a financial turn, with Lee borrowing $20,000, followed by an additional $25,000 a week later, and then $15,000 two weeks after that. Wang also claims to have sent multiple e-transfers, totaling an additional $20,000. These transactions were purportedly made under the belief that Lee’s mother was suffering from an illness.
Remarkably, despite the romantic nature of their association, Wang opted not to formalize the loans with a written agreement. The claim states, “Given the romantic relationship between the parties, Wang was willing to provide an interest-free loan to her without asking her to write a promissory note.”
However, after their separation in October 2022, Wang insisted on a promissory note, stipulating that Lee would repay the loan in eight monthly installments, commencing from October 2022 and concluding in May 2023. To date, Lee has repaid $18,800, leaving a disputed balance of $61,200.
Wang contends that the promissory note constitutes a valid and binding contract, asserting that Lee is in default for failing to fulfill the agreed-upon terms. If the court deems the promissory note unenforceable, Wang is pursuing damages for breach of contract or unjust enrichment.
It is important to note that these allegations remain unproven in court, and Lee has yet to respond to the claim. The case is expected to draw significant attention as it unfolds in the B.C. Supreme Court.