This section is from the book "Popular Law Library Vol7 Equity Jurisprudence, Trusts, Equity Pleading", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
12 A synopsis of the laws of the various states on this subject are to be found collected in the Ency. of Pleading and Practice, Vol. IX, pp. 98-118.
A deed reserving the power to repurchase may be upheld or may be construed as a mortgage. The most important tests in such a case are the intentions of the parties, and the absence or presence of personal liability by the vendor to the vendee.