Lawrence v. Shutt

FOGG, J. pro tem. *

This appeal concerns the issues of the validity of a release clause in a purchase money deed of trust, and if invalid, whether or not rescission of the entire sales transaction was justified. The action was brought by plaintiffs Marvin E. Lawrence, Beverlie A. Lawrence, and Marvin E. Lawrence Company (Lawrence) and S. V. Hunsaker & Sons, Inc. (Hunsaker) for specific performance of the release clause, for a declaration of the rights and obligations of the parties under the release clause, and to quiet title to the property as to which the release was demanded. Plaintiffs…