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WACHOVIA BANK & TRUST CO. v. GROSE

No. 8229SC1141.

307 S.E.2d 216 (1983)

WACHOVIA BANK & TRUST CO., N.A. v. P.H. GROSE, Jr., Individually, and d/b/a Grose's Corner.

Court of Appeals of North Carolina.

October 4, 1983.

Attorney(s) appearing for the Case

Russell & Greene by William E. Greene, Asheville, for plaintiff-appellee.

Atkins & Craven by Lee Atkins and Susan S. Craven, Saluda, for defendant-appellant.

HILL, Judge.

For the purpose of obtaining cash to purchase automobiles to be resold by defendant in the operation of his business, defendant, on 23 May 1974, executed and delivered to plaintiff a Wholesale Security Agreement which plaintiff accepted. Pursuant to said agreement, plaintiff agreed to advance cash to defendant upon request which defendant agreed to repay with interest plus costs and expenses incurred in connection...

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