Legal Opinion

Jackson v. . Bank

Supreme Court of North Carolina

Decided October 19, 1932PublishedCited by 1 opinion

1Opinion of the Court

Civil action (1) for usury, and (2) for an accounting.

Plaintiffs being indebted to the defendant bank in the sum of $15,000, evidenced by note, dated 29 March, 1928, bring this action to recover as an off-set, to be credited on said note, usury alleged to have been paid on other indebtedness, but the amounts and times of payment are not specified; and for an accounting for lands alleged to have been turned over to the defendant bank for sale for the joint account of plaintiffs and defendant.

The court held that the allegations of usury were not sufficiently definite to state a cause of action,…

2Cases cited2 opinions

  1. Planters National Bank of Virginia v. Wysong & Miles Co.Supreme Court of North Carolina · 1919
  2. Clark v. Hood System Industrial Bank of ReidsvilleSupreme Court of North Carolina · 1931

3Cited by1 opinion

  1. Rucker v. . Snider Brothers, Inc.Supreme Court of North Carolina · 1937

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