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LONGLEY SUPPLY CO. OF NEW BERN v. STYRON

No. 753SC136.

214 S.E.2d 777 (1975)

LONGLEY SUPPLY COMPANY OF NEW BERN, INC. v. R. L. STYRON and R. G. Styron, Trading as Styron Plumbing, Heating & Air Conditioning Co.

Court of Appeals of North Carolina.

May 21, 1975.

Attorney(s) appearing for the Case

Henderson, Baxter & Davidson by David S. Henderson, and Gerard H. Davidson, Jr., New Bern, for codefendant-appellant.

Hamilton, Bailey & Fisher by Glenn B. Bailey, Morehead City, for codefendant-appellee.

CLARK, Judge.

From a careful review of the terms of paragraph "6" of the dissolution agreement quoted above, it is obvious that its application to any division of funds depended implicitly on there being a surplus of accounts receivable over accounts payable. The second sentence, in particular, points out that the parties to the dissolution were in fact contemplating that there would be excess accounts receivable over accounts payable. Neither paragraph "6" nor any...

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