Hannah Sheridan & Cochran, LLP

October 2018 has been a time of change for our law firm. Hannah Sheridan & Cochran, LLP is pleased to announce the arrival of Emily Anne Buttrick and Bethany Sneed as part of our team. At the same time, we…

The practice of law represents a constant lesson in human nature. Clients oftentimes visit with us amid difficult personal and financial situations. Our job is to counsel our clients through tough times and provide them with logical options for the…

As the economy appears to be settling into what we can only presume is the new normal, once again contractors and subcontractors are, from time to time, filing petitions in the bankruptcy court.  A few years ago, everyone was filing…

By:  Paul A. Sheridan Many of our clients deal with municipal, county, and State agencies on a regular basis as part of their day to day business transactions. Occasionally an individual or business can sustain an injury as the result…

Did you ever consider the challenges which can arise when the equipment you supply has wheels or tracks and is mobile? For rental equipment suppliers, the provisions of Articles 2 and 3 of North Carolina General Statutes Chapter 44A and…

In the past, many whistleblower claims arose out of simple revenge.  A fired or aggrieved employee seeking retribution against his employer for a termination or demotion.  Today, however, people are reporting complaints at an ever-increasing rate under a variety of…

During the economic downturn in 2008-10, contractors on North Carolina public projects suffered significant losses due to the double payment risks in the then existing Little Miller Act.  Taking their concerns to the legislature and working closely with other groups…

Effective July 1, 2013, identification of an individual who is party to a UCC-1 Financing Statement changed.  Gone are the days of listing the debtor as “Joe Smith.”  Now, you must use the name as it is indicated on the…

Consider the following scenario: Seller claims $100.00 is due for goods provided.  Buyer claims that only $75.00 is owed.  Buyer then mails a check to Seller for $80.00, marked “paid in full”.  What are the consequences if the Seller deposits…

As part of the continuing series of articles identifying important construction contract clauses, perhaps the most impactful clause in a contract can be the standard termination for convenience clause. Imagine this scenario: your firm expended time and material in bidding…

All too often, desires to “get the deal done” or “get it signed” or “get it built” result in poor contractual administration and eventual (often avoidable) problems.  That is somewhat understandable, given the fact that most contractual arrangements begin with…

If you are like most folks this time of year, you have already seen more television ads, heard more on the radio, and had more robo-calls than you can stomach – and the primary election has only just come and…

The Federal Reserve administers a key economic indicator, the federal-funds rate.  Banks use the federal-funds rate to conduct overnight transactions which trade account balances maintained at the Federal Reserve.  When the Fed raises this key rate, personal and business loan…

Every now and then the listserv for the North Carolina Bar Association’s Bankruptcy Section lights up with a discussion which is of interest to creditors. One such discussion occurred recently regarding the duty of a creditor to report payments to…

By:  Chad J. Cochran Yesterday at lunch, a woman ahead of me in line asked to pay for her sandwich with a check.  The deli worker looked a bit startled and then replied, “I’ve been working here three months and…