Navistar Financial Corp. v. Tolson

CALABRIA, Judge.

Navistar Financial Corporation (“plaintiff’) appeals the order denying its motion for summary judgment and granting E. Norris Tolson (“defendant”) summary judgment. We affirm.

Plaintiff, a Delaware corporation authorized to conduct business in North Carolina, is a subsidiary of International- Truck and Engine Corporation (“International”), also a Delaware corporation. Although plaintiff’s truck sales finance business is not located in North Carolina, plaintiff extends credit to North Carolina truck dealers as well as third persons. Dealers acquire inventory such as commercial…