JOHNSON v. HOLBROOK

No. 8523SC40.

335 S.E.2d 53 (1985)

Carl D. JOHNSON and wife, Jo Ann Johnson v. Paul C. HOLBROOK.

Court of Appeals of North Carolina.

October 15, 1985.


Attorney(s) appearing for the Case

John P. Siskind, Jefferson, for plaintiffs-appellants.

Vannoy, Moore, Colvard & Triplett by J. Gary Vannoy and Anthony R. Triplett, North Wilkesboro, for defendant-appellee.


BECTON, Judge.

This is an action by one joint obligor on a $25,000 promissory note against the other for indemnification for one-half of the amount paid on the note. From a summary judgment in favor of the defendant based on a release signed by the plaintiff, plaintiff appeals.

Plaintiff, Carl D. Johnson, and defendant, Paul C. Holbrook, were engaged in a joint business venture. They borrowed $12,000 from the Northwestern Bank and $25,000 from J. Frank Pearson...

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