GRAY v. HAGER

No. 8322DC462.

317 S.E.2d 59 (1984)

Leon H. GRAY and wife, Marilyn W. Gray, Plaintiffs, v. Eugene B. HAGER and wife, Lou B. Hager, Defendants and Third Party Plaintiffs, v. UNITED FARM AGENCY, INC., Third Party Defendant.

Court of Appeals of North Carolina.

July 3, 1984.


Attorney(s) appearing for the Case

Sowers, Avery & Crosswhite by William E. Crosswhite, Statesville, for plaintiffs-appellees.

Raymer, Lewis, Eisele, Patterson & Ashburn by Douglas G. Eisele, Statesville, for defendants-appellants.


WHICHARD, Judge.

I.

The issue is whether a document that specifies a sales price, but states that an interest-bearing note and deed of trust will be executed, and that the terms of payment will be agreed on subsequently, meets the legal requisites of a valid contract. We hold that it does not, and that the court thus erred in granting summary judgment to plaintiffs and denying it to defendants.

II.

Plaintiffs and defendants signed a document...

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