Defendants had been renting plaintiffs' house for about six months when, on January 27, 1981, defendant John E. McMurray (hereinafter defendant) wrote to plaintiff Robert Blakey (hereinafter plaintiff) to "propose an offer of $74,000 [for the purchase of plaintiffs' house] if the arrangements can be made quickly without the necessity of involving realtor fees". In a letter dated January 30, 1981, plaintiff agreed to the purchase price of $74...
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