N.D. Cent. Code § 9-13-11

Current through 2023 Legislative Sessions

Section 9-13-11 - Rescinding acceptance

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.

N.D.C.C. § 9-13-11