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Form a Business

"Person in the position of a seller."

G.S. 25-2-707
in effect
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§ 25-2-707.  "Person in the position of a seller." (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).  (1965, c. 700, s. 1; 2025-25, s. 112.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-2-707.htmlFetched: 10/19/2026

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