North Dakota Code 9-01-13 – Condition subsequent defined
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A condition subsequent is a condition referring to a future event, upon the happening of which the obligation becomes no longer binding upon the other party if that party chooses to apply that condition.
Terms Used In North Dakota Code 9-01-13
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.