North Dakota Code 22-01-01 – Definitions
Current as of: 2023 | Check for updates
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In this chapter, unless the context or subject matter otherwise requires:
Terms Used In North Dakota Code 22-01-01
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
1. A “continuing guaranty” means a guaranty relating to a future liability of the principal under successive transactions which either continue the liability or from time to time renew it after it has been satisfied.
2. A “guaranty” means a promise to answer for the debt, default, or miscarriage of another person.