Times Co. v. North Carolina Steel & Iron Co.

Citations

• 114 N.C. 224

Syllabus

<p>Written Contract, construction of — Meaning of “From Date”— Market Value.</p> <p>L Where the general manager of an industrial company, in order to induce a publishing company to take pay for an advertisement in the paid-up stock of the former, guaranteed that the stock would be worth par “within a year from date”: Held, that the period covered by the guaranty was a year from the date of the contract, and not from the date of completion of the advertisement and issuance of the stock.</p> <p>2. In the trial of an action for a breach of a guaranty that ’a certain stock would be worth par within a year from date of the contract, evidence of the market value of such stock'after the lapse of the year was properly excluded.</p>