INVESTMENT PROPERTIES OF ASHEVILLE, INC. v. NORBURN

No. 54.

188 S.E.2d 342 (1972)

281 N.C. 191

INVESTMENT PROPERTIES OF ASHEVILLE, INC. and Baxter H. Taylor v. Charles S. NORBURN.

Supreme Court of North Carolina.

May 10, 1972.


Attorney(s) appearing for the Case

Bennett, Kelly & Long by Harold K. Bennett, Asheville, for plaintiff appellants.

Williams, Morris & Golding by James F. Blue, III, Asheville, for defendant appellee.


MOORE, Justice.

Plaintiffs allege that defendant Norburn is liable for the actual cost of the grading and seeding done on Allen's property by reason of the guaranty agreement executed by Norburn. Defendant Norburn alleges that this guaranty agreement was not based on a legal consideration and contends that the jury correctly found that the defendant did not receive a valuable consideration from plaintiffs for the execution and delivery of this guaranty.

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