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Legal Opinion

Southern Furniture Hardware, Inc. v. Branch Banking & Trust Co.

Court of Appeals of North Carolina

Decided March 7, 2000No. COA99-181PublishedCited by 10 opinions

1Opinion of the Court

EDMUNDS, Judge.

Plaintiff Joe W. Reynolds (Reynolds) is the president and sole shareholder of plaintiff Southern Furniture Hardware (SFH), a North Carolina corporation. In March 1990, Reynolds began discussing with T. Scott Bain (Bain), Vice-President of defendant Branch Banking and Trust Company (BB&T), the possibility of obtaining a loan for SFH in the amount of $1,000,000. Part of this loan would be used to pay off SFH’s existing indebtedness to Figgie Acceptance Corporation (Figgie), and the remainder would be earmarked for working capital.

During their discussions, Reynolds informed Bain…

2Cases cited17 opinions

  1. Dickens v. PuryearSupreme Court of North Carolina · 1981
  2. Stanback v. StanbackSupreme Court of North Carolina · 1979
  3. Johnson v. Ruark Obstetrics & Gynecology Associates, P.A.Supreme Court of North Carolina · 1990
  4. Waters v. Qualified Personnel, Inc.Supreme Court of North Carolina · 1978
  5. State v. HayesSupreme Court of North Carolina · 1999

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3Cited by10 opinions

  1. State v. CarrCourt of Appeals of North Carolina · 2001
  2. Terry's Floor Fashions, Inc. v. Crown General Contractors, Inc.Court of Appeals of North Carolina · 2007
  3. Kaminsky v. SebileCourt of Appeals of North Carolina · 2000
  4. State v. MillerSupreme Court of North Carolina · 2016
  5. Olson v. McMillianCourt of Appeals of North Carolina · 2001

5 more not listed; retrieve them via the Exa API.

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