Wilkins v. Ferguson

310 So.2d 879 (1975)

Mildred E. WILKINS

v.

Robert I. FERGUSON.

SC 970.

Supreme Court of Alabama.

March 27, 1975.

Braxton L. Kittrell, Jr., Mobile, S. J. Laurie, Chatom, for appellant.

Edward P. Turner, Jr., Chatom, for appellee.

MADDOX, Justice.

The question presented is the effect of a clause in a warranty deed which reserved to the grantor an option to repurchase. The deed, in pertinent parts, is as follows:

"THIS INDENTURE, Made the 17th day of June, 1969, between MILDRED E. WILKINS, a widow, GRANTOR, and ROBERT I. FERGUSON, GRANTEE; WITNESSETH, the GRANTOR, in consideration of Ten Dollars ($10.00)…