Welles Co. v. . Satterfield

Defendant repudiates his promise made to plaintiffs and sets up the defense “that the alleged contract ... is contrary to public policy and the statute law of the State of North Carolina, and this defendant pleads O. S., ch. 39, entitled 'Gaming Contracts and Futures,’ in bar of plaintiffs’ right to recover in this action.”

This brings us to consider the statute law on the subject. This is a matter of considerable importance to commercial transactions, and, notwithstanding their length, we give the statutes on the subject:

“C. S., 2144. Certain contracts as to ‘futures’ void. Every contract,…