Court Opinion

ID: 9809137
Source: CourtListenerOpinion
Date Created: 2023-08-31 21:01:55.127803+00
Date Added: 2024-06-11T12:25:13.675509
License: Public Domain

Smith, C. J.
Dissenting. While I concur in the disposition made by the Court of this cause, on the authority of Green v. N. C. R. R. Co., 73 N. C. 524, I think the plaintiff’s action is barred by the statute of limitations.
When the defendant withdrew and apprQpriated to his own use the fund which by his draft he had assigned to the plaintiff', he violated an implied contract that the money should remain to meet the draft, and became instantly liable to an action.
*144Nor was the operation of the statute suspended until he ¡knew of the defendant’s receiving ■ and misapplying the ?money, as under the former practice his remedy would have "been an action at law, and not exclusively if at all cognisable in a Court of Equity. C. C. P. § 34 (9). Blount v. Parker, ante, 128.