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N.C. Gen. Stat. § 25-2-707

"Person in the position of a seller."

Known as the Uniform Commercial Code

The act spans §§ 25–25 (616 sections).

1965, c. 700, s. 1; 2025-25, s. 112.

(a) A "person in the position of a seller" includes as against a principal an agent who has paid or become responsible for the price of goods on behalf of his principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller.

(b) A person in the position of a seller may as provided in this article withhold or stop delivery (G.S. 25-2-705) and resell (G.S. 25-2-706) and recover incidental damages (G.S. 25-2-710).

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.