Alamance Builders, Inc. v. Central Carolina Bank & Trust Co.

WEBB, Judge.

This appeal brings to the Court a question as to the amount of the indebtedness of Central Carolina Bank and Trust Company to the plaintiff. Plaintiff contends it is in the amount of $12,000.00. The bank contends it is indebted to the plaintiff in the amount of $5,284.63. The answer turns on what interest the plaintiff had in the check. At the outset, we note that when Vance Thompson endorsed and delivered the check, plaintiff and Glenn W. Slaughter had all the rights of payees on the check. See G.S. 25-3-202. Prior to the adoption of the Uniform Commercial Code, a bank which paid…