North Dakota Code 47-14-07 – Interest rate – Before and after breach
Current as of: 2023 | Check for updates
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Any legal rate of interest stipulated by a contract remains chargeable after a breach until the contract is superseded by a verdict or other new obligation.
Terms Used In North Dakota Code 47-14-07
- 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.