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Current as of January 01, 2024 | Updated by Findlaw Staff
When the obligation of a third person or an order upon such person is accepted in satisfaction, the creditor may rescind such acceptance if:
1. The debtor prevents such person from complying with the order or from fulfilling the obligation;
2. At the time the obligation or order is received, such person is insolvent and this fact is unknown to the creditor; or
3. Before the creditor with reasonable diligence can present the order to the person upon whom it is given, that person becomes insolvent.
Cite this article: FindLaw.com - North Dakota Century Code Title 9. Contracts and Obligations § 9-13-11. Rescinding acceptance - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-9-contracts-and-obligations/nd-cent-code-sect-9-13-11/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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