Yancey v. Watkins

BRITT, Judge.

Defendant contends first that this action as a matter of law is barred by the three years statute of limitations' which statute she properly pleaded. We disagree.

An agreement to sell or purchase real property is governed by the general law of contracts. 7 Strong, N. C. Index 2d, Vendor and Purchaser, § 1, p. 489. “Where an option or contract to purchase does not specify the time within which the right to buy may be exercised, the right must be exercised within a reasonable time.” Ibid, § 2, p. 492.

In Lewis v. Allred, 249 N.C. 486, 106 S.E. 2d 689 (1959), Denny, J. (later C.J.)…