Odom v. Kelly

STEPHENS, Judge.

Factual and Procedural Background

This appeal arises from a loan made in February 2004 by Lokie Garland Martin to William Cheshire Lee in the amount of $100,000.00. Lee planned to use the money to open a new business which would sell cigars and other tobacco products from a store located in Cary. Lee repaid $500.00 to Martin almost immediately after receiving the loan, and, on 18 February 2004, Lee and Martin prepared and executed a handwritten document entitled "Promissory Note" ("the note"), which they had notarized. The note read:

I, Bill Cheshire Lee, owe Lokie G. Martin the…