Standing Stone National Bank v. Walser
Supreme Court of North Carolina
Appeal by defendants from Cooke, J., at November Term, 1912, of DavidsoN.
1Opinion of the CourtClark, C. J.
Tbis action was brought by the plaintiff on a note given by defendants to H. P. Reynolds & Co. or bearer, at Lexington, N. C., 13 September, 1907, due 30 months after date, with interest, and payable at National Bank of Lexington. The plaintiff acquired the note at its bank in Pennsylvania, 4 May, 1908, and gave $350 credit tberefor to H. P. Reynolds on his checking account. The note was indorsed, “For value received, I hereby guarantee payment of the within note at maturity. 4 May, 1908. H. P. Reynolds.”
H. P. Reynolds & Co. are customers of the plaintiff bank, keeping a checking account…
2Cases cited14 opinions
- American National Bank v. FountainSupreme Court of North Carolina · 1908
- Shirk v. MitchellIndiana Supreme Court · 1894
- Tyson v. Joyner.Supreme Court of North Carolina · 1905
- Boyden v. President of the BankSupreme Court of North Carolina · 1871
- Manufacturing Co. v. . SummersSupreme Court of North Carolina · 1906
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3Cited by8 opinions
- Third National Bank of St. Louis v. ExumSupreme Court of North Carolina · 1913
- Wheat v. GossIndiana Supreme Court · 1923
- First National Bank v. CareySupreme Court of Minnesota · 1922
- Branham v. Drew Grocery Co.Mississippi Supreme Court · 1927
- Merchants & Mechanics Savings Bank v. HaddixWest Virginia Supreme Court · 1924
3 more not listed; retrieve them via the Exa API.