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STANCIL v. STANCIL

No. 299PA89.

392 S.E.2d 373 (1990)

326 N.C. 766

Bruce STANCIL v. Howard STANCIL.

Supreme Court of North Carolina.

June 13, 1990.

Attorney(s) appearing for the Case

Lee, Reece & Weaver by W. Earl Taylor, Jr. and Cyrus F. Lee, and Lane & Boyette by Wiley L. Lane, Jr., Wilson, for plaintiff-appellee.

Narron, Holdford, Babb, Harrison & Rhodes, P.A. by Elizabeth B. McKinney and William H. Holdford, Wilson, for defendant-appellant.

MITCHELL, Justice.

The plaintiff filed this action on 29 October 1986 to compel the specific performance of an alleged oral agreement between the plaintiff and the defendant. The plaintiff alleged that the agreement gave him the right to purchase the defendant's shares of stock in Bruce Stancil Refrigeration, Inc. The defendant raised as an affirmative defense that article 8 of the Uniform Commercial Code—Investment Securities (hereinafter, article 8), codified...

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