North Dakota Code 26.1-29-24 – False representation – Materiality and effect
Current as of: 2023 | Check for updates
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A representation is false when the facts fail to correspond with its assertions or stipulations. If a representation is false in a material point, whether affirmative or promissory, the injured party is entitled to rescind the contract from the time when the representation becomes false. The materiality of a representation is determined by the same rule which determines the materiality of a concealment.
Terms Used In North Dakota Code 26.1-29-24
- Contract: A legal written agreement that becomes binding when signed.
- Rule: includes regulation. See North Dakota Code 1-01-49