L & M GAS COMPANY v. Leggett

It is well settled law in North Carolina that a demurrer admits, for the purpose of testing the sufficiency of the pleadings, the truth of factual averments well stated and relevant inferences of fact reasonably deducible therefrom. Strong’s N. C. Index, Yol. 3, Pleadings, § 12, p. 625.

Aman v. Walker, 165 N.C. 224, 81 S.E. 162, is a “landmark case” on fraudulent conveyances. It is therein stated:

“. . . If the conveyance is voluntary, and the grantor did not retain property fully, sufficient and available to pay his debts then existing, it is invalid as to creditors; . . .”

Appellee contends…