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By Ed Boltz, 7 November, 2011

NC Court of Appeals: Lewis v. Staley- Voluntary Cancellation of Note Discharges Obligation‏

Bobby Stanley, now deceased, borrowed $300,000 from the Plaintiff. Following his death, Yow took responsibility for the debt and the Plaintiff agreed to have the original note marked as satisfied and cancelled. The Court of Appeals held that this was sufficient under N.C. Gen. Stat § 25-3-604 to show the debt was satisfied. Lewis v Stanley.PDF
By Ed Boltz, 7 November, 2011

NC Ct. of Appeals: Wachovia v. Davis- Notice of Hearing and Equitable Lien Against Property‏

Real Property was owned by Walter Davis and his wife,  Shelvia Davis, as tenants by the entireties.  Deed of Trust listed "Walter Davis, A Married Man"  as the grantor,  but Shelvia Davis was both present at the closing and had signed and/or initialed several of the documents.
The Court of Appeals held that while Wachovia had failed to provide timely notice of the hearing on a Motion for Summary Judgment,  the Davis's,  who appeared pro se,  had proper notice of the motion itself  and being present at the hearing  had not

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