Coastal Federal Credit Union v. Brown

I concur with the majority in its disposition of the first and third issues. As to the second issue, I respectfully dissent.

*554The second issue in this case is whether the applicable statute of limitations is the statute of limitations in Article 2 (governing the sale of goods) or the statute of limitations for the default on a security interest (governed by general statutes because Article 9 does not contain its own statute of limitations). Considering the applicable statute of limitations under facts similar to those presented in this case, the Court of Appeals of North Carolina in North…