On July 1, 1968, petitioner and respondents entered into a lease agreement which was to commence on July 15, 1968 and run until July 15, 1970. The agreement contained an option-to-purchase clause which read as follows: "Tenant may, provided all payments have been current, exercise an option four months from termination of lease to purchase the premises for $16,990 and to receive a credit of...
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