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FALLSTON FINISHING v. FIRST UNION NAT. BANK

No. 8426SC1019.

333 S.E.2d 321 (1985)

FALLSTON FINISHING, INC., and George T. Ruppe v. FIRST UNION NATIONAL BANK FIRST UNION NATIONAL BANK OF NORTH CAROLINA v. George T. RUPPE and Gaynelle Ramsey Ruppe L & L HOSIERY MILL, INC.; Gay Hosiery Mill, Inc.; Ruppe, Dixon, and Spears, Inc. v. FIRST UNION NATIONAL BANK v. George T. RUPPE, Gaynelle Ramsey Ruppe, Harold Dean Spears, and Betty Spears, Third-Party Defendants.

Court of Appeals of North Carolina.

August 20, 1985.

Attorney(s) appearing for the Case

Hamrick & Hamrick by J. Nat Hamrick, Rutherfordton, for plaintiffs-appellants-appellees.

Hamel, Hamel & Pearce by Reginald S. Hamel, Charlotte, for defendant-appellant-appellee, First Union Nat. Bank.

COZORT, Judge.

This case involves a series of complicated business transactions between the parties. The controversy in a nutshell relates to the failure of a business due to the bank's refusal to lend money it allegedly agreed to lend. First Union National Bank is the defendant in two of the above entitled actions and is the plaintiff in the third action. However, for convenience, First Union National Bank was treated as the defendant at trial and will be hereafter...

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