Court of Appeals of North Carolina August 7, 2007, COA06-304 (Cail v. Cerwin)

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JACKSON, Judge.

On 6 June 1995, Robert A. Cerwin (“defendant Robert Cerwin”) entered into an agreement with Canusa Mortgage Corporation (“Canusa”) for the purpose of investing in residential mortgage loans. D.B. Lancaster (“Lancaster”) was the president of Canusa, a licensed broker engaged in originating long-term mortgage loans.