Jackson v. . Bank

This is an action for the specific performance of a contract by which the defendant North Carolina Joint Stock Land Bank of Durham agreed to accept from the plaintiff R. E. Jackson, in full settlement of his indebtedness to said bank, amounting to $10,295, the sum of $8,000. The said indebtedness was evidenced by a bond secured by a deed of trust executed by the plaintiffs to the defendant, the Interstate Trustee Corporation, on land in Lenoir County, North Carolina.

On 5 March, 1934, the defendant North Carolina Joint Stock Land Bank of Durham offered to accept from the plaintiff R. E.…