Bank v. . Finance, Co.
Supreme Court of North Carolina
1DissentClarkson, J.
On 26 February, 1924, J. H. Mackie, of Yadkin County, North Carolina, executed his note, due six months after date, payable to Southern States Finance Company, of Charlotte, N.C. or order, for $16,500, negotiable and payable at the Peoples National Bank of Winston-Salem, N.C. This note, together with a subscription for 1,650 shares of stock of the Southern States Finance Company, was delivered by J. H. Mackie to S. F. Penry, who had, as agent for the Finance Company, solicited the said subscription. The consideration for the note was the purchase price of the stock. It was agreed between…
2Cases cited13 opinions
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