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CAROLINA INDUSTRIAL BANK v. MERRIMON

No. 102.

132 S.E.2d 692 (1963)

260 N.C. 335

CAROLINA INDUSTRIAL BANK, a corporation, v. Terry Anne MERRIMON.

Supreme Court of North Carolina.

October 16, 1963.

Attorney(s) appearing for the Case

Lee, Lee & Cogburn, Asheville, for plaintiff.

Williams, Williams & Morris, Asheville, for defendant.

MOORE, Justice.

The evidence discloses the following undisputed facts: On 17 June 1960 defendant purchased a secondhand automobile from Dorato Motors, Inc., at Oteen, North Carolina. Defendant paid $500 in cash and executed a promissory note in the amount of $1171.20, with interest from maturity at 6% per annum, payable to Dorato in 24 equal monthly instalments of $48.80; she executed to C. J. O'Connell, Trustee, and Dorato...

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