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Home / Opinion Digests / Contract / Contract – Statute of Frauds – Loan – Primary Use – Statute of Limitations (access required)

Contract – Statute of Frauds – Loan – Primary Use – Statute of Limitations (access required)

As part of her realty business, defendant self-financed mortgages for some of her customers, including the Wagners. When the Wagners could not make the balloon payment required by defendant’s loan to them, plaintiff lent the Wagners the $210,000 balance, which they were to repay when they sold the property. However, after the closing, defendant gave ...

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