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COX v. ROBERT C. RHEIN INTEREST, INC.

No. 8921SC1392.

397 S.E.2d 358 (1990)

100 N.C. App. 584

Clarence Wesley COX, Jr. and Linda Tucker Cox, Plaintiffs, v. ROBERT C. RHEIN INTEREST, INC.; Kingstree Partnership Ltd., a North Carolina Limited Partnership; and The King Corporation of Charlotte, Inc., a North Carolina Corporation, Defendants.

Court of Appeals of North Carolina.

November 6, 1990.

Attorney(s) appearing for the Case

T. Dan Womble, Clemmons, for plaintiffs-appellees.

Womble Carlyle Sandridge & Rice by Reid C. Adams, Jr., Clayton M. Custer and Beth Ann Spencer, Winston-Salem, for defendant-appellant.

WELLS, Judge.

Defendant Rhein contends the trial court erred in entering judgment and denying defendant's motion to modify or amend judgment pursuant to N.C.Gen.Stat. § 1B-4(1). Defendant contends G.S. § 1B-4(1) entitles it to a reduction in the verdict award entered against it in the amount equal to the $5,000.00 settlement between plaintiffs and original co-defendants, King and Kingstree. G.S. § 1B-4(1) states:

When a release or covenant...

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