East Coast Development Corp. v. Alderman-250 Corp.

MARTIN, Judge.

Dependant’s Appeal

Defendant contends that since the contract of 23 August 1968 fixed no time for its duration it was subject to termination by either party upon the giving of reasonable notice, and that 60 days notice of termination after the expiration of 4 years and 3 months from the execution of the contract was reasonable.

North Carolina follows the generally accepted view that a contract of indefinite duration may be terminated by either party on giving reasonable notice. See Scarborough v. Adams, 264 N.C. 631, 142 S.E. 2d 608 (1965); Rubber Co. v. Distributors, 253 N.C.…