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JACOBI-LEWIS CO. v. CHARCO ENTERPRISES, INC.

No. COA95-85.

466 S.E.2d 338 (1996)

JACOBI-LEWIS COMPANY, INC., Plaintiff, v. CHARCO ENTERPRISES, INC., Defendant.

Court of Appeals of North Carolina.

February 6, 1996.

Attorney(s) appearing for the Case

Wessell & Rainey by John C. Wessell, III, Wilmington, for plaintiff-appellee.

Hogue, Hill, Jones, Nash & Lynch by Wayne A. Bullard, Wilmington, for defendant-appellant.

WYNN, Judge.

The issue in this case is whether the trial court erred by finding that future rental payments can be applied in satisfaction of a judgment. Finding future income to be earnings under N.C.Gen.Stat. § 1-362 (1994), we reverse.

In December 1993, plaintiff obtained a judgment against defendant for $13,733.98 plus interest and costs. Execution on personal property of defendant resulted in partial satisfaction...

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