Outer Banks Ventures, Inc. v. Currituck County — Developer’s 1986 Water and Sewer Reimbursement Agreement Not an Installment Contract; Claims Against County Time-Barred
The North Carolina Court of Appeals affirmed summary judgment dismissing a developer’s twelve-year-old breach-of-contract claim against Currituck County under an assumed water and sewer reimbursement agreement, holding that the 1986 developer agreement was not an installment contract because the county’s payment obligation was contingent on its own decision to connect customers, making the consideration unified and all claims time-barred under N.C. Gen. Stat. § 1-53(1)’s two-year limitations period.