REID et al. v. GAMBILL et al

Messrs. Holman Boulware, for appellants, cite: Deed as mortgage: 129 U.S. 58; 112 S.E., 109. Delay in bringing suit does not defeat right: 92 S.C. 501. Adverse possession unavailing: 110 S.E., 135. Messrs. Harley Blatt, for respondent, cite: Deed with option to repurchase is not a mortgage: 27 Cyc., 999; 20 Enc. L., 940; 129 U.S. 58; 149 U.S. 17; 118 U.S. 73; 116 U.S. 108; 97 U.S. 624; 112 U.S. 144; 19 R.C.L., 262; 3 L.Ed., 321; 31 S.C. 277; 3 Pom. Eq. Jur., Sec., 1195; 81 S.E., 173; 39 S.E., 575; 32 S.E., 816; 54 S.C. 191; 90 S.C. 490. Option to repurchase must be strictly complied with: 66 S.C. 85; 20 S.E., 406; 3 S.E., 906; 81 S.E., 77; 44 S.E., 584; 129 A.L.R., 1113; 103 S.C. 257; 43 Me., 585; 42 Pa., 251; 124 Ill., 45; 66 So., 615; 29 Ala., 226; 96 S.E., 255; 110 S.E., 482; 112 S.E., 94; 19 R.C.L., 266; 92 Ala., 474; 32 S.E., 816. And promptly: 27 Cyc., 1031; 62 S.C. 173. Inadequacy of consideration insufficient: 20 A.S.R., 239.