Terms Used In North Carolina General Statutes > Chapter 66 > Article 28 - Rental Car Advertising and Sales Practices

• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damage: means any damage or loss to the rented vehicle, including loss of use and any costs and expenses incident to the damage or loss. See North Carolina General Statutes 66-201
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: includes an individual, aggregation of individuals, corporation, company, association, or partnership. See North Carolina General Statutes 66-201
• Rental agreement: means any written agreement setting forth the terms and the conditions governing the use of a vehicle provided by the rental car company. See North Carolina General Statutes 66-201
• Rental car company: means any person in the business of providing vehicles to the public. See North Carolina General Statutes 66-201
• Renter: means any person obtaining the use of a vehicle from a rental car company under the terms of a rental agreement. See North Carolina General Statutes 66-201
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
• United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
• Vehicle: means a motor vehicle of the private passenger type including passenger vans and minivans that are primarily intended for transport of persons. See North Carolina General Statutes 66-201
• Vehicle license and registration fees: means charges that may be imposed upon any rental transaction originating in this State to recoup the costs incurred by a rental car company to license, title, inspect, and register rental vehicles. See North Carolina General Statutes 66-201