Wade v. Darring

TUNICS, Chief Justice.

This is a suit on a $50,000.00 promissory note. The payee of the note, which was dated April 3, 1969, was First Citizens Bank & Trust Company of Shelby, North Carolina, and the note was made payable in North Carolina. Designated as makers on the note were the appellants, Jerome K. Wade and his wife Edna Sample Wade. The appellees, A. J. Darring and Billy E. McAninch, were denominated as endorsers on the note. After default on the note by the Wades, the appellees paid the payee-bank the principal amount of $50,000 and $437.50 in interest on March 13, 1970. The note was…