White v. Fisheries Products Co.
Supreme Court of North Carolina
Appeal by defendant from Calvert, J., at November Term, 1921, of Bertie. . Civil action to recover damages for an alleged wrongful conversion and negotiation of plaintiff’s promissory notes in violation of the understanding and agreement between the parties, that- same should remain in escrow and not become operative or effective unless and until tbe plaintiff sold his farm for $35,000, which he never did.
1Opinion of the CourtStacy, J.
Plaintiff alleges that on 11 June, 1920, he gave to the defendant’s agent three promissory notes, aggregating the sum of $11,410, due 1 June, 1921, the same to be placed in the Bank of Colerain for safe-keeping, and, in the event the plaintiff sold his farm in Chowan County before the maturity of said notes, it was understood and agreed that he would take them up by paying the principal sum with interest and receive 761 shares of the capital stock of the Fisheries Products Company; provided further, that should the plaintiff fail to sell his farm, as above stated, the notes were to be…
2Cases cited17 opinions
- Ware v. AllenSupreme Court of the United States · 1888
- Gaylord v. GaylordSupreme Court of North Carolina · 1909
- Wilson v. PowersMassachusetts Supreme Judicial Court · 1881
- Walker v. . VentersSupreme Court of North Carolina · 1908
- Moffitt v. . ManessSupreme Court of North Carolina · 1889
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- State v. LoveSupreme Court of North Carolina · 1925
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