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TRIAD BANK v. ELLIOTT

No. 9018SC397.

399 S.E.2d 1 (1990)

101 N.C. App. 188

TRIAD BANK, Plaintiff, v. James E. ELLIOTT, Defendant.

Court of Appeals of North Carolina.

December 18, 1990.

Attorney(s) appearing for the Case

Turner, Enochs, Sparrow, Boone & Falk, P.A., and Peter Chastain, Greensboro, for plaintiff-appellee.

J. Sam Johnson, Jr., Greensboro, for defendant-appellant.

DUNCAN, Judge.

On 25 April 1986, James E. Elliott ("defendant") executed and delivered to Triad Bank ("plaintiff") a promissory note and security agreement for $35,756.59 secured by a 1976 Rolls Royce automobile. On 6 May 1986, defendant executed another promissory note and security agreement with plaintiff for $43,793.06 secured by a 1981 Bentley automobile. The proceeds of the notes were used for the purchase of the automobiles...

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