[DOWNLOAD] "Nowsu V. Uba" by In the Court of Appeal of the State of California Sixth Appellate District * Book PDF Kindle ePub Free

eBook details

Title: Nowsu V. Uba
Author : In the Court of Appeal of the State of California Sixth Appellate District
Release Date : January 01, 2004
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 71 KB

Description

Oguchuku Nwosu and Nwadinaume Uba-both originating from Nigeria and who were friends for over 15 years-entered into a business transaction in 1995 involving Nwosu's residence. Over four years later, a dispute arose concerning the nature of that transaction. Uba claimed that Nwosu sold the residence to her for $200,000 because he had outstanding obligations and needed capital for his business. A deed, sales agreement, and escrow instructions supported Uba's contention. Nwosu, however, claimed that the transaction was, in reality, a refinancing arrangement under which Uba took title, subject to the parties' oral agreement that, upon demand, she would reconvey the property to Nwosu at its original price.