Hill v. Farmers Bank of Forsyth
Hill v. Farmers Bank of Forsyth
Opinion of the Court
(After stating the foregoing facts.) The preceding statement of facts contains all that is essential to an understanding of the issues in this ease. It may be that there is some conflict apparent in the answers of the jury to the questions propounded, which constitute the special verdict in the case; but there was no motion for a new trial; both parties rested upon the special verdict made by the jury, and the petitioner rests content with the decree which the court rendered upon that verdict. The defendants in the court below, plaintiffs in error here, except to the decree; they contend that it was not authorized by the verdict; that the verdict required a different decree, one holding that their title and lien were superior to that of the petitioner. If the security deed executed by Trammell in favor of the bank on November 22, 1920, was a renewal of the prior debt and security deeds executed by Trammell to the bank, the decree is right, provided, of course, it is not in conflict with the verdict. The jury found in favor of the petitioner upon the essential and controlling question in the case, — that is, that the deed of November 22, 1920, to the bank was a renewal of the prior indebtedness and evidences thereof. The first question propounded to the jury was: “Was, or not, the note and security deed from Trammell to plaintiff bank, dated November 22, 1920, for the sum of $5000, and due on demand, a new and independent transaction, or a renewal of prior obligations and liens?” And the answer thereto was: “It was a renewal of notes.” We construe the expression “renewal of notes” as being that it was a renewal of the “prior obligations and liens.”
Judgment affirmed.
Dissenting Opinion
dissenting. The plaintiffs in error were not obliged to make a motion for new trial, tbongb they might have pursued that course. The question was the proper framing of a decree.
In my opinion there was a novation of the contract. The majority of the court seem to attach first importance to the answer to the first question proposed. I think the decree should have been based upon a construction of all of the answers construed together. The paramount question in the case was as to whether or not the debt had been paid. The jury answered this question by saying it had. It is true they used the word “renewal” in answer to the first question; but there are more senses in which the word “renewal” can be used than can the word “surrender.” In common parlance, renewal frequently refers to re-obtaining the amount which had previously been borrowed by one from a bank or other lender. In the present instance the bank obtained security for $500 more than the original debt mentioned in security deed. The answer to one of the questions was that the deed of the bank was surrendered and the debt paid according to the understanding of loth parties. Not infrequently a security deed is not cancelled of record after it has been paid, and this could have been the fact in the case at bar.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.