Guaranty Title & Trust Corp. v. Virginia-Carolina Tie & Wood Co.

The Virginia-Carolina Tie and Wood Company, Incorporated (plaintiff in the court below, defendant in error here), hereinafter referred to as the Tie Company, recovered a judgment for $8,643.61 in the Cir-Court of the city of Norfolk against the Guaranty Title and Trust Corporation (defendant in the court below and plaintiff in error here), hereinafter called the Title Company. The action was for recovery on a title guaranty policy issued by the Title Company *700to the Tie Company in the year 1921, guaranteeing the title to certain tracts of land in Camden county, North Carolina, purchased by the…