Roebuck Et Ux v. Carson
Decision Date | 27 February 1929 |
Docket Number | (No. 53.) |
Citation | 146 S.E. 708,196 N.C. 672 |
Parties | ROEBUCK et ux. v. CARSON et al. |
Court | North Carolina Supreme Court |
Appeal from Superior Court, Martin County; M. V. Barnhill, Judge.
Action by L. D. Roebuck and wife against J. J. Carson and another. Judgment for defendants, and plaintiffs appeal. Affirmed.
On November 15, 1926, the plaintiff L. D. Roebuck borrowed from the defendant Carson the sum of $6,500, executing and delivering to the defendant as evidence thereof five promissory negotiable notes. Four of said notes were executed in the sum of $1,000 each, payable on the 15th day of November, in the years 1927, 1928, 1929, and 1930. The remaining note of $2,500 was payable on the 15th day of November, 1931. Plaintiff and his wife, in order to secure said notes, executed and delivered a deed of trust upon a certain tract of land, in which deed of trust the defendant Gurganus was named as trustee. Default having been made in the payment of the notes, the trustee advertised the land for sale on the 24th day of November, 1928. Thereupon, the plaintiff applied for an injunction to restrain the sale of said property, alleging
The verbal agreement alleged by the plaintiff was denied in the answer.
The cause was heard and the following judgment entered, to wit: "Upon consideration of the pleadings, the court is of the opinion and doth so adjudge that the restraining order heretofore issued be and the same is hereby dissolved."
From said judgment, plaintiff appealed.
A. R. Dunning and B. A. Critcher, both of Williamston, for appellants.
Spruill & Spruill, of Rocky Mount, for appellees.
If promissory, negotiable notes are duly executed and delivered, payable upon certain dates therein specified, can the maker thereof, as against the payee therein, set up a contemporaneous verbal agree-merit to the effect that the notes would not become payable until the death of the maker?
The principle of law governing the controversy is thus stated in Farmers' Co-op. Fertilizer Co. v. Eason, 194 N. C. 244, 139 S. E. 370:
The test is whether the oral terms vary or contradict the writing. This idea was expressed by the court in White v. Fisheries Products Co., 183 N. C. 228, 111 S. E. 182, as follows: ...
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... ... other hand, there are a number of seeming exceptions, more ... apparent than real perhaps, as well established as the rule ... itself. Roebuck v. Carson, 196 N.C. 672, 146 S.E ... 708. The decisions are to the effect that the rule which ... prohibits the introduction of parol testimony to ... ...
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... ... which go to the effectiveness of the instrument, as that it ... shall only become operative on certain conditions or ... contingencies, Roebuck v. Carson, 196 N.C. 672, 146 ... S.E. 708, but such evidence is not admissible to show ... conditions subsequent, which provide for the ... ...
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...go to the effectiveness of the instrument, as that it shall only become operative on certain conditions or contingencies, Roebuck v. Carson, 196 N.C. 672, 146 S.E. 708, but such evidence is not admissible to show conditions subsequent, which provide for the nullification or modification of ......
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... ... A.L.R. 751, or that the notes were given upon a condition ... which failed, Thomas v. Carteret County, 182 N.C ... 374, 109 S.E. 384; Roebuck v. Carson, 196 N.C. 672, ... 146 S.E. 708; Federal Reserve Bank of Richmond v. Neuse ... Mfg. Co., 213 N.C. 489, 196 S.E. 848; Jones v ... ...