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LOVE v. TYSON

No. 9420SC527.

460 S.E.2d 204 (1995)

James F. LOVE, III, individually, and L & L Partnership, a North Carolina Partnership v. Carlton TYSON, Tyson Realty, Inc., Sanford L. Steelman, Substitute Trustee for Nationsbank, Ray D. Vaughn, Trustee for Wachovia Bank of North Carolina, N.A., and Okey M. Landers, Jr. and Wife, Carol D. Landers.

Court of Appeals of North Carolina.

August 15, 1995.

Attorney(s) appearing for the Case

Perry and Bundy, by H. Ligon Bundy, Monroe, for plaintiff-appellants.

Singer & McGirt, P.A. by Allan W. Singer, Charlotte, and Griffin, Caldwell, Helder & Lee by Jake C. Helder, Monroe, for defendants-appellees.

McGEE, Judge.

In 1984 plaintiff James F. Love, III and defendant Okey M. Landers, Jr., became general partners in L & L Partnership, a business organized to acquire, develop and sell real property and other assets. Landers managed partnership assets in North and South Carolina and Love oversaw the assets in West Virginia.

Affidavits filed by the parties show at least ten transactions were completed under this partnership arrangement, many involving new...

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