Court of Appeals of North Carolina May 2, 2000, COA99-739 (Lexington State Bank v. Miller)

LEWIS, Judge.

On 25 July 1994, defendant Peggy Miller and her husband Larry, now deceased, borrowed $158,000 from plaintiff (“the personal loan”). This loan was secured by a deed of trust on certain real property owned by the Millers. On 23 September 1994, the Millers, as owners of defendant Miller Dodge, Inc., obtained a company loan in the

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amount of $84,781.64 (“the company loan”).