N.D. Cent. Code § 9-09-02
This is the official text of N.D. Cent. Code § 9-09-02, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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9-09-02. Rescission - When permitted
Official statutory text
9-09-02. Rescission - When permitted
A party to a contract may rescind the same in the following cases only:
1. If the consent of the party rescinding or of any party jointly contracting with the party
rescinding was given by mistake or obtained through duress, menace, fraud, or undue
influence exercised by or with the connivance of the party as to whom the party
rescinding rescinds or of any other party to the contract jointly interested with such
party;
2. If through the fault of the party as to whom the party rescinding rescinds the
consideration for the rescinding party's obligation fails in whole or in part;
3. If such consideration becomes entirely void from any cause;
4. If such consideration before it is rendered to the party rescinding fails in a material
respect from any cause; or
5. By consent of all of the other parties.
A party to a contract may rescind the same in the following cases only:
1. If the consent of the party rescinding or of any party jointly contracting with the party
rescinding was given by mistake or obtained through duress, menace, fraud, or undue
influence exercised by or with the connivance of the party as to whom the party
rescinding rescinds or of any other party to the contract jointly interested with such
party;
2. If through the fault of the party as to whom the party rescinding rescinds the
consideration for the rescinding party's obligation fails in whole or in part;
3. If such consideration becomes entirely void from any cause;
4. If such consideration before it is rendered to the party rescinding fails in a material
respect from any cause; or
5. By consent of all of the other parties.
Status: in_force · Read it on the official government site
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