Tanglewood Land Co., Inc. v. Byrd

BROCK, Justice.

We note first that this contract was executed in Virginia, and that the interpretation of a contract is governed by the law of the place where the contract was made. Bundy v. Commercial Credit Corporation, 200 N.C. 511, 516, 157 S.E. 860, 863 (1931); Fast v. Gulley, 271 N.C. 208, 155 S.E. 2d 507 (1967). Secondly, the contract on its face provides that in construing the contract the laws of the Commonwealth of Virginia shall be controlling. This Court has held that where parties to a contract have agreed that a given jurisdiction’s substantive law shall govern the interpretation…