[Download] "Edward L. Bielawski v. Myron Bazar" by Supreme Court of New York # eBook PDF Kindle ePub Free
eBook details
- Title: Edward L. Bielawski v. Myron Bazar
- Author : Supreme Court of New York
- Release Date : January 01, 1975
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
[47 A.D.2d 435 Page 436] Plaintiff sued to have two instruments of conveyance from plaintiff to defendant determined to be mortgages rather than deeds. The record sustains the findings of fact made by the trial court. On March 20, 1967 plaintiff executed two deeds conveying three parcels of real property to defendant for which plaintiff received the sum of $8,000. On the same day the parties executed an option agreement covering the same three parcels, by which defendant promised not to decrease the value or to encumber the property during its five-year term and gave to plaintiff the right to purchase the property for amounts of consideration which escalated each year. As additional consideration upon exercise of the option, plaintiff was to reimburse defendant for all taxes and assessments paid by defendant upon the property during the term of the option.