From our private database of 14,100+ case briefs...
Hickson Lumber Co. v. Gay Lumber Co.
Supreme Court of North Carolina
63 S.E. 1045 (1909)
James Pou held a mortgage on a property owned by Gay Lumber Company (Gay) (defendant). The mortgage, which was properly recorded, stated it covered not only the subject property, but also all property Gay would acquire during the pendency of the debt. Subsequently, Gay obtained five other tracts of land subject to a mortgage held by Hickson Lumber Company (Hickson) (plaintiff). Gay made these purchases with funds obtained from Hickson. Pou claimed the after-acquired property clause was valid and gave his mortgage priority over Hickson on the five tracts of land. The trial court held that the after-acquired property clause in Pou’s mortgage was valid and enforceable. Hickson appealed.
Rule of Law
Holding and Reasoning (Brown, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 221,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.