When a debtor is entitled to the performance of a condition precedent to or concurrent with performance on the debtor’s part, the debtor may make the debtor’s offer to depend upon the due performance of such condition.

Terms Used In North Dakota Code 9-12-21

  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.