Bank of Mount Airy v. Greensboro Loan & Trust Company
Supreme Court of North Carolina
Appeal by plaintiff from Lyon, J., at August Term, 1911, of SURRY. Tbe facts are sufficiently stated in tbe opinion of tbe Court by Mr. Qhief Justice Ciarle.
1Opinion of the CourtClark, C. J.
On 23 November, 1910, tbe First National Bank of Mount Airy issued a certificate of deposit to J. T. Cook for $500 and bearing 4 per cent interest, if beld three months. Tbe same was indorsed: “Pay any bank or banker or order; -prior indorsements guaranteed. 17 January,- 1911. Greensboro Loan and Trust Company, Greensboro, N. C., ~W. E. Allen, cashier.” Above this indorsement was written the name of J. T. Cook, duly witnessed, and D. Marks. This certificate with, the above indorsements was sent to the plaintiff, Bank of Moimt Airy, by tb© defendant, the Greensboro Loan and Trust Company, 17…
2Cases cited1 opinion
- Bank of New Hanover v. . KenanSupreme Court of North Carolina · 1877