Supreme Court of North Carolina, 1929

Cowen v. . Williams

Cowen v. . Williams
Supreme Court of North Carolina · Decided September 18, 1929 · Stacy
149 S.E. 396; 197 N.C. 432; 1929 N.C. LEXIS 259 (South Eastern Reporter)

Cowen v. . Williams

Opinion of the Court

Stacy, C. J.,

after stating the case: It would seem that the plea of nudum pactum is not open to the defendant, Lucy Williams, as against the plaintiff, who is a holder in due course of the note sued on. Hence the instruction, above set out, which forms the basis of one of the plaintiff’s exceptions, we apprehend, should be held for error. Angier v. Howard, 94 N. C., 27.

A note under seal imports consideration, and it is presumed from the use of a seal, that the consideration is good and sufficient. Harrell v. Watson, 63 N. C., 454; Wester v. Bailey, 118 N. C., 193, 24 S. E., 9; Moose v. Crowell, 147 N. C., 551, 61 S. E., 524; Burriss v. Starr, 165 N. C., 657, 81 S. E., 929. See, also, Barbee v. Barbee, 108 N. C., 581, 13 S. E., 215.

For the error, as indicated, a new trial must be awarded; and it is so ordered.

New trial.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.