D.E. HOLBROOK, J.
In 1966 the defendant Jim M. Jelsema constructed a building on property owned by the plaintiffs Margaret and Louis Grasman in the vicinity of Hudsonville, Michigan. Plaintiffs deeded the land to the defendant, and plaintiffs' corporation Grand Valley Farms, Inc. was given a land contract to repurchase the land. This arrangement was made to provide defendant with security for his investment.
When the plaintiffs failed to make payments on the...
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