North Dakota Code 9-12-01 – Extinction by full performance
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Upon acceptance by the creditor, full performance extinguishes an obligation if done by the party whose duty it is to perform it or by any other person on that party’s behalf and with that party’s assent.
Terms Used In North Dakota Code 9-12-01
- 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.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49