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BARCLAYS BANK PLC v. JOHNSON

No. COA97-849.

499 S.E.2d 768 (1998)

BARCLAYS BANK PLC, Plaintiff-Appellant, v. Mark JOHNSON, Defendant-Appellee.

Court of Appeals of North Carolina.

April 30, 1998.

Attorney(s) appearing for the Case

Smith Debnam Hibbert, L.L.P. by Caren D. Enloe and Byron L. Saintsing, Raleigh, for plaintiff-appellant.

Browder & McGrath by J. Tyrone Browder, King, for defendant-appellee.

McGEE, Judge.

Defendant executed a promissory note for $28,979.15 on 27 January 1993 in favor of Healthco International, Inc. to secure payment for dental supplies defendant purchased from Healthco for his dental practice. The pertinent language of the note provided that it was:

[p]ayable in ___, Successive Monthly Installments of $____ Each, and in 11 Successive Monthly Installments of $2,414.92 Each thereafter, and in a final payment of $2,415.03 thereafter...

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