Federal Land Bank of Columbia v. Robertson

Notwithstanding the trustee’s deed recites a bid of $5.00, it is competent to show by parol, or otherwise, the real consideration or the true terms of the bid. Pate v. Gaitley, 183 N. C., 262, 111 S. E., 339. For this purpose, the report of the trustee (if, indeed, any were made), whether required to be filed by law or not, is competent as evidence, as the trustee was a party to the transaction. It is well settled in this jurisdiction that when a party to a transaction makes a statement as to its terms, orally or in writing, the declaration may be offered in evidence either to corroborate or…