North Carolina National Bank v. Burnette

HUSKINS, Justice.

The trial court entered judgment for plaintiff notwithstanding the verdict (JNOV) on the ground that plaintiff, as a matter of law, had substantially complied with the procedures provided by G.S. 25-9-601, et seq. (Cum. Supp. 1977), for the disposition of collateral by public sale and therefore the public sale of the grading equipment was conclusively deemed “to be commercially reasonable in all aspects.” G.S. 25-9-601. The first question presented by this appeal is whether the Court of Appeals erred in reversing JNOV for plaintiff on the issue of commercial reasonableness of…