Munger & Bennett, Inc. v. East Carolina Lumber Co.

There being no controversy between the parties as to the essential facts, a jury trial was waived and the cause submitted to the court for determination on the following facts agreed:

1. On 18 November, 1912, E. R. Phillips and wife, in consideration of $1,000, gave to the defendant properly executed deed for a right of way and log landing on their lands in Pamlico County, for a term of ten years- which said deed was duly registered on 25 November, 1912, and contains the following extension clause:

“And it is expressly understood and agreed between the -parties hereto that the party of the…