Lamb v. Thompson

*135The sole question before the circuit court in this case was whether the appellants or the appellee, Thompson, should bear the loss occasioned by the failure of the appellants to. present to the Charlotte Banking and Insurance Company for payment, before it suspended business, a certain certified check for $300.

The circuit court held that the check was accepted and treated by the appellants as a cash payment on the appellee’s purchase of land from them, and that by reason of their failure to present the check for payment in a reasonable time they should bear the loss caused by the failure of…