North Carolina General Statutes 25-2-701. Remedies for breach of collateral contracts not impaired
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Terms Used In North Carolina General Statutes 25-2-701
- 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.
Remedies for breach of any obligation or promise collateral or ancillary to a contract for sale are not impaired by the provisions of this article. (1965, c. 700, s. 1.)