American Hardware & Equipment Co. v. Mount Airy Hardware Co.

Supreme Court of North Carolina

American Hardware & Equipment Co. v. Mount Airy Hardware Co.

175 S.E. 926, 206 N.C. 921, 1934 N.C. LEXIS 360

DecidedJuly 11, 1934

StatusPublished

This text of 175 S.E. 926 (American Hardware & Equipment Co. v. Mount Airy Hardware Co.) is published on Counsel Stack Legal Research, covering Supreme Court of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

American Hardware & Equipment Co. v. Mount Airy Hardware Co., 175 S.E. 926, 206 N.C. 921, 1934 N.C. LEXIS 360 (N.C. 1934).

Pincite

Opinion

Per Curiam.

The sole question presented in the ease is whether the assignment of a part of funds, derived from certain fire insurance policies made to the intervenor by the defendant company through its president and general manager prior to the receivership, is valid and binding upon the receiver. The assignment was reduced to writing and appears in the record. It is valid in form. It was given for valid considerations. There is nothing to indicate that the intervenor had any knowledge of the insolvency of the defendant at the time of the assignment. ¥e conclude that the assignment is valid and find in the trial below

No error.

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Per Curiam.

The sole question presented in the ease is whether the assignment of a part of funds, derived from certain fire insurance policies made to the intervenor by the defendant company through its president and general manager prior to the receivership, is valid and binding upon the receiver. The assignment was reduced to writing and appears in the record. It is valid in form. It was given for valid considerations. There is nothing to indicate that the intervenor had any knowledge of the insolvency of the defendant at the time of the assignment. ¥e conclude that the assignment is valid and find in the trial below

No error.

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Bluebook (online)

175 S.E. 926, 206 N.C. 921, 1934 N.C. LEXIS 360, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-hardware-equipment-co-v-mount-airy-hardware-co-nc-1934.