NORTH CAROLINA

STATUTE OF LIMITATIONS

Open Acct.: 1-52(1)

Oral Contracts; 1-52(1)

Written Contract Not Under Seal; 1-52(1)

1-52. Three years.

Within three years an action -

(1) Upon a contract, obligation or liability arising out of a contract, express or implied, except those mentioned in the preceding sections or in G.S. 1- 53(1).

NC is a "last item" State, i.e. the starting date ( accrual date) of the cause of action is on the date when a payment or charge was made, WHILE the account was open, current and mutual

North Carolina Statutes

1‑31. Action upon a mutual, open and current account.
In an action brought to recover a balance due upon a mutual, open and current account, where there have been reciprocal demands between the parties, the cause of action accrues from the time of the latest item proved in the account on either side. (C.C.P., s. 39; Code, s. 160; Rev., s. 376; C.S., s. 421; 1951, c. 837, s. 1.)

North Carolina RISA
Retail Installment Sales Act

Florida and N.C. Licensed Lawyer
"The Avenger"
Chris Livingston
2154 Dowd Dairy Rd
White Oak, NC 28399
910-876-7001
email: chrisatty@hotmail.com

N.C. CONSUMER LAWYER
Margie Huggins
mhuggins@hugmorlaw.com