North Carolina General Statutes 25-2-324. “No arrival, no sale” term
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Terms Used In North Carolina General Statutes 25-2-324
- Buyer: means a person who buys or contracts to buy goods. See North Carolina General Statutes 25-2-103
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Seller: means a person who sells or contracts to sell goods. See North Carolina General Statutes 25-2-103
Under a term “no arrival, no sale” or terms of like meaning, unless otherwise agreed,
(a) the seller must properly ship conforming goods and if they arrive by any means he must tender them on arrival but he assumes no obligation that the goods will arrive unless he has caused the non-arrival; and
(b) where without fault of the seller the goods are in part lost or have so deteriorated as no longer to conform to the contract or arrive after the contract time, the buyer may proceed as if there had been casualty to identified goods (N.C. Gen. Stat. § 25-2-613). (1965, c. 700, s. 1.)