§ 9-13-01 Extinction of obligation by release
§ 9-13-02 Extension to known claims
§ 9-13-03 Joint debtors – Effecting release
§ 9-13-04 Accord defined
§ 9-13-05 Satisfaction defined
§ 9-13-06 Only full execution of accord extinguishes obligation
§ 9-13-07 Part performance accepted in writing extinguishes obligation
§ 9-13-08 Novation defined
§ 9-13-09 Novation – Created by contract
§ 9-13-10 How novation made
§ 9-13-11 Rescinding acceptance
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Terms Used In North Dakota Code > Chapter 9-13 - Release and Substitutions of Obligation

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.