Golden State Lanes v. Fox

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• disputed transac- tion held to be a loan when the supposed lessor was bound to fully reconvey the property upon repayment of the sum it had initially advanced to the supposed lessee
• disputed transac- tion held to be a loan when the supposed lessee received $150,000 to fund a construction project, was then obligated to pay $30,000 per year for eight years (i.e., interest
• disputed transaction held to be a loan when the supposed lessee was “unconditionally obli gated” to make periodic payments and “absolutely bound” to repay an identical sum that had been advanced to it at the outset of the transaction
• disputed transaction held to be a loan when the supposed lessee was “unconditionally obligated” to make periodic payments and “absolutely bound” to repay an identical sum that had been advanced to it at the outset of the transaction

Source: CourtListener parenthetical corpus (CC0).