J.M. SMITH CORP. v. MATTHEWS

No. COA95-1159.

474 S.E.2d 798 (1996)

J.M. SMITH CORPORATION d/b/a Smith Drug Company, Plaintiff, v. Mildred Fields MATTHEWS, Individually and d/b/a A-B Pharmacy, Medical Associates Pharmacy of Asheville LP, Medical Associates of America, Inc., Defendants.

Court of Appeals of North Carolina.

September 17, 1996.


Attorney(s) appearing for the Case

McGuire, Wood & Bissette, P.A. by T. Douglas Wilson, Jr., Asheville, for plaintiff.

Devere Lentz & Associates by John M. Olesiuk, Asheville, for defendants.


SMITH, Judge.

Defendant Matthews owned A-B Pharmacy in Asheville, North Carolina. In the course of operating A-B Pharmacy, defendant established an account to purchase pharmaceutical supplies from plaintiff. Pursuant to such account, the parties entered into a security agreement granting plaintiff a security interest in defendant's inventory, accounts receivable, furniture, fixtures and equipment and in all proceeds from the sale of any of the collateral named in...

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