First National Bank v. Michael
Supreme Court of North Carolina
Civil ACTION, tried before Boykin, Judge, and a jury, at November Term, 1886, of Rowan Superior Court. The plaintiff alleges in its complaint, that it is the owner of a single bond, duly endorsed by the obligee therein, whereof the following is a copy: “ $750.00. Six months after date, I promise to pay Chas. L. Heitman, or order, seven hundred and fifty dollars, for value received, with interest from date at eight per cent, per annum, payable annually until paid.
Read the full summary
Civil ACTION, tried before Boykin, Judge, and a jury, at November Term, 1886, of Rowan Superior Court. The plaintiff alleges in its complaint, that it is the owner of a single bond, duly endorsed by the obligee therein, whereof the following is a copy: “ $750.00. Six months after date, I promise to pay Chas. L. Heitman, or order, seven hundred and fifty dollars, for value received, with interest from date at eight per cent, per annum, payable annually until paid. It being the balance of the purchase money for one hundred and forty-three acres of land on Reedy Creek, in Davidson county, North…
1Opinion of the Court
Merrimon, J.,
(after stating the facts). The statute (The Code, §41,) makes bonds and notes under seal, for money, whether made payable to order or not, assignable over in like manner as inland bills of exchange are by the custom of merchants, and the person to whom the same shall be assigned or endorsed, may maintain an action against the maker and endorser upon the same, as in case of inland bills of exchange.. A promissory note in this State is a written engagement under seal or not, wherein the maker stipulates and promises to pay a person therein named, absolutely and unconditionally, a…
2Cases cited3 opinions
- Miller v. . TharelSupreme Court of North Carolina · 1876
- Blackmer v. . PhillipsSupreme Court of North Carolina · 1872
- Howard v. . KimballSupreme Court of North Carolina · 1871
3Cited by12 opinions
- Booker v. EverhartSupreme Court of North Carolina · 1978
- First National Bank v. LightnerSupreme Court of Kansas · 1906
- Bank of Sampson v. HatcherSupreme Court of North Carolina · 1909
- Bresee v. . CrumptonSupreme Court of North Carolina · 1897
- Buchanan v. WrenCourt of Appeals of Texas · 1895
7 more not listed; retrieve them via the Exa API.