Ara Eresian and Evelyn Eresian - Page 7

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          she claimed that she was a mortgagee in her suit against Petron,            
          she now claims that she had an equity interest in the King Trust            
          Properties.                                                                 
               Some of the documents in evidence dealing with Evelyn's                
          interest in the King Trust Properties are inherently                        
          contradictory.  Some of the documents support her claim as a                
          mortgagee, but because she now claims an equity interest, she               
          points to other documents.  One of these documents, entitled                
          "Agreement to Form a Joint Venture", has an execution date of               
          August 3, 1988, which precedes Evelyn's suit against Petron by              
          more than a year.  The document purports to make her a 25-percent           
          partner in the King Street venture in return for forgiveness of             
          its $350,000 indebtedness to her.  She asserts that this                    
          agreement entitles her to a $350,000 loss from the foreclosure              
          sale.                                                                       
               Petitioners' testimony was also evasive.  Evelyn, while a              
          trustee of several rental properties, denied knowing who the                
          beneficiaries of the trust were or who collected the rent.                  
          Presumably the other trustee, her son Ara, would have known this            
          information, but while he was at the trial, he failed to testify.           
          When Evelyn was asked about one of the properties, 10 Bourne                
          Street, Worcester, Massachusetts, she recognized the property as            
          a three-family home, but then responded, "I don't remember.  I              
          had something to do with it, but I don't remember in what                   





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