North Carolina General Statutes 25A-6. “Seller” defined
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Terms Used In North Carolina General Statutes 25A-6
- 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 one regularly engaged in the business of selling goods or services. Unless otherwise provided, “seller” also means and includes an assignee of the seller’s right to payment but use of the term does not itself impose on an assignee any obligation of the seller with respect to events occurring before the assignment. (1971, c. 796, s. 1.)