If a creditor, or any one of two or more joint creditors, at any time directs the debtor to perform the debtor’s obligation in a particular manner, the obligation is extinguished by performance in that manner even though the creditor does not receive the benefit of such performance.

Terms Used In North Dakota Code 9-12-04

  • 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.