First National Bank v. Scott
Supreme Court of North Carolina
Civil action against the defendant as endorser of two notes payable to the bank for $l,u00 each, dated respectively March 14th, 1895, at 4 months after date, and May 27th, 1895, at 90 days after date, executed by the Jones M’f’g Co., and endorsed by the defendant, ánd also by G-. B. Jones and T. W.-Jones who are not sued.
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Civil action against the defendant as endorser of two notes payable to the bank for $l,u00 each, dated respectively March 14th, 1895, at 4 months after date, and May 27th, 1895, at 90 days after date, executed by the Jones M’f’g Co., and endorsed by the defendant, ánd also by G-. B. Jones and T. W.-Jones who are not sued. These notes were renewals — the.original notes were dated and endorsed Nov. 8, 1894, and January 26, 1895. There were no payments entered upon the said notes at time suit was brought — subsequently under date of September 18, 1897, a credit on each was endorsed thus : “Rec’d…
1Opinion of the Court
Douglas, J.:
This is an action to recover from the defendant the balance due on two notes for $1,000 each, executed on the 14th day of March, 1895, to the plaintiff by the Jones Manufacturing Company, and endorsed by the defendant together with.G. B. and T. W. Jones, who are not parties to this action.
The Jones Manufacturing Company executed to G. B. and T. W. Jones, on December 20, 1894, its note for' $8,000 secured by mortgage. On the 23rd day of April, 1895, the said company executed and delivered to the plain tiff the following paper :
$5,000. Elizabeth City, N. C., April 23, 1895.
Four…
2Cases cited1 opinion
- Boyd v. . ReddSupreme Court of North Carolina · 1897
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