Legal Opinion
First-Citizens Bank & Trust Co. v. Academic Archives, Inc.
Court of Appeals of North Carolina
Decided March 31, 1971No. 7110SC218PublishedCited by 14 opinions
1Opinion of the Court
BRITT, Judge.
The rights of the respective parties are determined by the provisions of the Uniform Commercial Code, Chapter 25 of the General Statutes of North Carolina.
Appellants contend that under G.S. 25-2-703 (f) they could cancel their agreement with Archives and reclaim their bound volumes and that it was error for the court to conclude that G.S. 25-2-702 was the applicable Code section. G.S. 25-2-703 (f) is entitled “Seller’s Remedies in General” and states that:
“Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or…
2Cited by14 opinions
- Stowers v. MahonCourt of Appeals for the Fifth Circuit · 1976
- Iola State Bank v. BolanSupreme Court of Kansas · 1984
- Guy Martin Buick, Inc. v. Colorado Springs National BankSupreme Court of Colorado · 1974
- Galey & Lord Inc. v. Arley Corp. (In Re Arlco, Inc.)United States Bankruptcy Court, S.D. New York · 1999
- Pillsbury Co. v. FCX, Inc. (In Re FCX, Inc.)United States Bankruptcy Court, E.D. North Carolina · 1986
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