Legal Opinion

Parker v. First-Citizens Bank & Trust Co.

Supreme Court of North Carolina

Decided November 24, 1948PublishedCited by 7 opinions

1Opinion of the CourtBaknhii.l, J.

The sale of the automobile to defendant’s intestate being a cash transaction, payment of the purchase price by check constituted a conditional payment and, as between the parties, transfer of title was conditioned upon the payment of the check by the bank upon which it was drawn. As the check was dishonored and not paid, no title passed to the purchaser. The property remained the property of the plaintiffs. Hayworth v. Insurance Co., 190 N. C. 757, 130 S. E. 612, and cases cited; Dewey v. Margolis, 195 N. C. 307, 142 S. E. 22; Lumber Co. v. Hayworth, 205 N. C. 585, 172 S. E. 194; South v.…

2Cases cited15 opinions

  1. National Bank of Commerce v. Chicago, Burlington & Northern RailroadSupreme Court of Minnesota · 1890
  2. Hayworth v. Philadelphia Life InsuranceSupreme Court of North Carolina · 1925
  3. First Nat. Bank of Byars v. Griffin GriffinSupreme Court of Oklahoma · 1911
  4. Barksdale v. BanksSupreme Court of Alabama · 1921
  5. Clark v. Hamilton Diamond Co.California Supreme Court · 1930

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3Cited by7 opinions

  1. Casey v. GallagherMassachusetts Supreme Judicial Court · 1951
  2. Wilson v. Commercial Finance Co.Supreme Court of North Carolina · 1954
  3. Julian v. LawtonSupreme Court of North Carolina · 1954
  4. Bryant v. MurraySupreme Court of North Carolina · 1953
  5. Handley Motor Co. v. WoodSupreme Court of North Carolina · 1953

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