On September 20, 1974 plaintiff Franklin Resseguie deeded two properties to Chuck Realty Corporation and entered into an option agreement giving him the right to repurchase the properties not later than March 20, 1975. Plaintiffs contend that the conveyances were made in order to secure financing received from Chuck Realty and further contend that the transactions created a loan and mortgage rather than a purchase and sale with an option to repurchase. On March 19, 1975 plaintiffs...
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