In Sylvan Lake Golf & Tennis Club Ltd. v. Performance Industries Ltd., the defendant attempted to take advantage of a mistake made by the plaintiff. What did the Court hold?

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The Court held that the defendant's conduct was equivalent to a fraud or a misrepresentation amounting to fraud, and awarded damages in lieu of rectification. This indicates that the defendant's conduct was not only improper, but also illegal and deserving of compensation for the harm caused to the plaintiff. Option A and B are incorrect because they suggest that the defendant's conduct was acceptable, which is not supported by the Court's ruling. Option C is incorrect because there are remedies available to address mistakes made in contracts, such as rectification or damages. Option E is also incorrect because breach of fiduciary duty is a separate legal concept that may not be applicable in this case.