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PIPKIN v. THOMAS & HILL, INC.

No. 104.

258 S.E.2d 778 (1979)

298 N.C. 278

T. A. PIPKIN, D. J. Dudley, P. M. Williams, and Mack Donald Weeks, Individually and trading as P.W.D. & W., a North Carolina General Partnership v. THOMAS & HILL, INC.

Supreme Court of North Carolina.

October 17, 1979.

Attorney(s) appearing for the Case

Manning, Fulton & Skinner by M. Marshall Happer, III, and Charles L. Fulton, Raleigh, for plaintiffs.

Smith, Anderson, Blount & Mitchell by H. A. Mitchell, Jr., and Michael E. Weddington, Raleigh, for defendant.

SHARP, Chief Justice.1

Initially, the primary relief which plaintiffs sought in this action was a decree ordering defendant to specifically perform its commitment to provide long-term or "permanent" financing to enable plaintiffs to take up CCB's interim construction loan on their motel-restaurant project. Historically, courts of equity refused to decree specific performance of a contract to lend money on the ground that the disappointed...

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