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Landlord/Tenant – Commercial Lease – Assumption – Banks & Banking – Receivership (access required)

Southeastern Real Estate & Discount Co. v. Bank of North Carolina (Lawyers Weekly No. 012-066-17, 6 pp.) (Ann Marie Calabria, J.)  Appealed from Transylvania County Superior Court (Yvonne Mims Evans, J.) N.C. App. Unpub. Holding: The complaint alleges that, after plaintiffs’ first tenant went into receivership, defendant assumed the defunct tenant’s lease and paid rent “intending ...

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