North Carolina Agreement to Survey and Fix Location of Known Common Boundary

State:
Multi-State
Control #:
US-1090BG
Format:
Word; 
Rich Text
Instant download

Description

This agreement operates as an accord and satisfaction. Although the definition is variously stated from state to state, generally speaking, an "accord and satisfaction" is a method of discharging a contract or a claim or cause of action whereby the parties agree to give and accept something other than that which is due in satisfaction of the existing claim. For an accord and satisfaction, the "accord" is the agreement between the parties, and the "satisfaction" is its execution or performance. An accord and satisfaction results when: (i) the parties mutually intend to effect a settlement of an existing dispute by entering into a superseding agreement, and (ii) there is actual performance in accordance with the new agreement. Accord and satisfaction requires both components4 as without an agreement to discharge the obligation, there can be no accord, and without an accord, there can be no satisfaction.
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FAQ

Do you have to be licensed to survey land in North Carolina? If you are surveying your own property for personal use, no. But in North Carolina, an individual must take and pass an examination before they can offer surveying services.

The distance between the two North Carolina settlements and South Carolina's Charles Town caused the Lords Proprietors decide to split the two areas. In 1712, there was officially one governor for all of Carolina, but an additional deputy governor for the north, creating North and South Carolina.

Even if there is no lender involved in the sale of a home, buyers should still have a licensed surveyor perform a property survey and have their North Carolina real estate agent put a survey contingency in the purchase contract. Otherwise, buyers may find themselves facing a number of costly issues down the road.

It lies on the southern Eastern Seaboard of the United States. Shaped like an inverted triangle with an east-west base of 285 miles (459 km) and a north-south extent of about 225 miles (360 km), the state is bounded on the north by North Carolina, on the southeast by the Atlantic Ocean, and on the southwest by Georgia.

The provinces were divided at the 36th parallel by the Carolina charter of 1663; the Carolina charter of 1665 moved the line northward to 36°30', adding a 30-mile-wide strip to Carolina.

For half a century, maps credited South Carolina with a narrow strip of land extending from its western end, between Georgia and North Carolina, to the Mississippi River. After the Revolutionary War, the East Coast states ceded their western lands to the federal government.

Even if there is no lender involved in the sale of a home, buyers should still have a licensed surveyor perform a property survey and have their North Carolina real estate agent put a survey contingency in the purchase contract. Otherwise, buyers may find themselves facing a number of costly issues down the road.

The economic success of the Virginia colony convinced English aristocrats that there was money to be made in owning colonies in the New World. King Charles II, gave a group of eight noblemen a large tract of land to the south of Virginia colony in 1663.

Beginning in 1997, North Carolina title companies made a risk decision to issue new title insurance policies to mortgage lenders with full survey coverage but without having a new survey. Based on this decision, many mortgage lenders advise their borrowers that a survey simply isn't necessary.

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North Carolina Agreement to Survey and Fix Location of Known Common Boundary