North Dakota Code 9-12-02 – Performance of obligation to one person – Extinguishment – Exception
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An obligation in favor of several persons is extinguished by performance rendered to any of them, except in the case of a deposit made by owners in common or in joint ownership which is regulated by the provisions of title 60.
Terms Used In North Dakota Code 9-12-02
- 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.