Peoples National Bank v. Waggoner

In Mfg. Co. v. Summers, 143 N. C., 102, it was held: “When a man's property bas been obtained from bim by actionable fraud or covin, tbe owner can follow and recover it from tbe wrongdoer as long as be can identify or trace it; and tbe right attaches not only- to tbe wrong-doer bimself, but to any one to’ whom tbe property bas been transferred otherwise than in good faith and for valuable consideration; and this applies not only to specific property, but to money and cboses in action.”

This in the main is an equitable doctrine which, on the facts of the present record and like cases, is made…