SHOENTERPRISE CORPORATION v. WILLINGHAM

No. 95.

127 S.E.2d 767 (1962)

258 N.C. 36

SHOENTERPRISE CORPORATION v. J. E. WILLINGHAM.

Supreme Court of North Carolina.

October 31, 1962.


Attorney(s) appearing for the Case

Adams & Adams and William F. P. Coxe, Jr., Asheville, for defendant appellant.

Lee, Lee & Cogburn, Asheville, for plaintiff appellee.


BOBBITT, Justice.

Defendant's appeal relates solely to the last three installments which, according to the "Schedule of Payments," were to become due May 10, 1958, May 10, 1959, and May 10, 1960. Defendant contends plaintiff's action is also barred as to these three installments because plaintiff by the exercise on June 20, 1957, of its acceleration option, caused the entire unpaid indebtedness evidenced by said note to become immediately due and payable.

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