Pollock v. Carolina Interstate B. & L. Ass'n
Supreme Court of South Carolina
Before Klugh, J., September, 1897. Action by W. P. Pollock and N. S. Pegues, assignees, against the Carolina Interstate Building and Loan Association and the Bank of Cheraw. Judgment for plaintiff.
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Before Klugh, J., September, 1897. Action by W. P. Pollock and N. S. Pegues, assignees, against the Carolina Interstate Building and Loan Association and the Bank of Cheraw. Judgment for plaintiff. Defendants appeal. cite: Contract should be construed as stood: 48 S. C.', 77. When stockholder becomes borrower, his obligation as stockholder is not altered: 49 S. C., 402; 34 L. R. A., 204; 29 L. R. A., 133; 27 S. E. R., 119; 25 S. E. R., 283; 48 S. C., 303; 51 S. C., 37. Contract should be enforced according to terms: 22 S. C., 411; 19 S. C., 450, 129. Cashier could not make agreement: 3 Rich.,…
1Opinion of the Court
The opinion of the Court was delivered by
Judge O. W. Buchanan, acting Associate Justice.
On the 5th day of February, 1892, Mrs. R. J. Pollock subscribed for fifteen shares of stock in the Carolina Interstate Building and Roan Association. From the 5th day of February, 1892, to the 10th day of September, 1892, she paid the association in the way of admission fees and monthly instalments, of $10.50 each, the sum of $88.50. On an assignment of her shares she borrowed from the association on the 5th day of October, 1892, the sum of $1,500. As part of the same transaction, she mortgaged her house…
2Cases cited3 opinions
- Strauss v. Carolina Inter-State Building & Loan Ass'nSupreme Court of North Carolina · 1895
- Rowland v. Old Dominion Building & Loan Ass'nSupreme Court of North Carolina · 1894
- Rowland v. . B. and L. Assn.Supreme Court of North Carolina · 1895
3Cited by15 opinions
- Parkison v. ThompsonIndiana Supreme Court · 1905
- Livingston v. Atlantic Coast Line R. Co.Supreme Court of South Carolina · 1935
- Cantey, Adm'r v. Phila. Life Ins. Co.Supreme Court of South Carolina · 1932
- Floyd v. National Loan & Investment Co.West Virginia Supreme Court · 1901
- Berkey v. RensbergerIndiana Court of Appeals · 1911
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