Coburn v. . Barnhill

Stacy, O. J.

The action of the trial court in holding that the credits, derived from dividends and sale of collateral, entered on the note in suit by the Martin County Savings and Trust Company, after the maker had denied liability and repudiated ownership of the stock' attached as collateral, did not repel the bar of the statute, must be upheld on authority of what was said in Nance v. Hulin, 192 N. C., 665, 135 S. E., 774, where the pertinent decisions are collated and distinguished, with special reference to Bank v. King, 164 N. C., 303, 80 S. E., 251, cited and relied upon by appellant. It…