North Dakota Code 41-07-38 – (7-509) Adequate compliance with commercial contract
Current as of: 2023 | Check for updates
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Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by chapter 41-02, 41-02.1, or 41-05.
Terms Used In North Dakota Code 41-07-38
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC