MCB LTD. v. McGOWAN

No. 863DC1307.

359 S.E.2d 50 (1987)

MCB LIMITED, A North Carolina Partnership, v. Charles Hugh McGOWAN, Jr., Janice M. Barbre and William I. Wooten, Jr., Trustee.

Court of Appeals of North Carolina.

August 18, 1987.


Attorney(s) appearing for the Case

Narron, Holdford, Babb, Harrison & Rhodes, P.A. by Walter L. Hinson, Wilson, for plaintiff-appellant.

Everett, Everett, Warren & Harper by C.W. Everett, Sr. and Edward J. Harper, II, Greenville, for defendants-appellees McGowan and Barbre.

Williamson, Herrin, Barnhill & Savage by Mickey A. Herrin, Greenville, for defendant-appellee Wooten.


ORR, Judge.

Plaintiff, a limited partnership, contracted to purchase real property from defendants for the purpose of commercial development. To aid in financing the development, plaintiff's sales contract included a provision requiring defendants to accept a purchase money deed of trust. In addition, defendants were to execute a deed or deeds of subordination to construction and/or permanent financing.

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