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CARTER v. FOSTER

No. 9019SC160.

404 S.E.2d 484 (1991)

103 N.C. App. 110

Lois B. CARTER, Plaintiff, v. Mark H. FOSTER, Linda Foster, Impressive Papers, Inc., and MHF, Inc., Defendants.

Court of Appeals of North Carolina.

June 4, 1991.

Attorney(s) appearing for the Case

Carter & Kropelnicki, P.A. by Steven Kropelnicki, Jr., Asheville, for plaintiff-appellee.

Thomas M. King, Salisbury, for defendants-appellants.

PARKER, Judge.

This civil action arose out of plaintiff's agreement to capitalize defendants' business venture, which ultimately failed. Plaintiff and defendants Mark Foster and Impressive Papers, Inc., signed a memorandum of understanding in which plaintiff agreed to make loans to the venture totaling $150,000.00.

For her loan of $100,000.00, plaintiff received a promissory note ("Note 1") dated 7 January 1987...

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