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HAJMM CO. v. HOUSE OF RAEFORD FARMS, INC.

No. 271A89.

403 S.E.2d 483 (1991)

328 N.C. 578

The HAJMM COMPANY v. HOUSE OF RAEFORD FARMS, INC., E. Marvin Johnson.

Supreme Court of North Carolina.

Decided May 2, 1991.

Attorney(s) appearing for the Case

Adams, McCullough & Beard by William H. McCullough, Charles C. Meeker and John J. Butler, Raleigh, for plaintiff-appellee.

Petree Stockton & Robinson by G. Gray Wilson and R. Rand Tucker, Winston-Salem, for defendants-appellants.

EXUM, Chief Justice.

This is an action seeking compensatory, punitive and treble damages for breach of fiduciary duty, breach of corporate bylaws, and unfair or deceptive acts or practices in or affecting commerce (unfair practices) based on defendants' allegedly improper refusal to redeem a certain "revolving fund certificate" issued by the corporate defendant (Raeford) to plaintiff. The trial court dismissed the claim for unfair practices under Rule 12(b)(6) of...

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