North Dakota Statutes
§ 3-03-07 — Credit to agent - Principal exonerated
North Dakota § 3-03-07
This text of North Dakota § 3-03-07 (Credit to agent - Principal exonerated) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 3-03-07 (2026).
Text
If exclusive credit is given to an agent by the person dealing with the agent, the agent's
principal is exonerated by payment or other satisfaction made by the principal to the agent in
good faith before receiving notice of the creditor's election to hold the principal responsible.
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Nearby Sections
15
§ 3-01-01
Definition§ 3-01-02
General and special agent defined§ 3-01-03
Actual and ostensible agency defined§ 3-01-05
Authorization to agent§ 3-01-06
How agency created§ 3-01-07
No consideration necessary§ 3-01-09
Retroactive ratification limited§ 3-01-10
Rescission of ratification§ 3-01-11
Termination of agency§ 3-02-01
Acts done by or to agent§ 3-02-02
Actual or ostensible authority§ 3-02-03
Agent authority§ 3-02-04
Authority limited to specific termsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 3-03-07, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/3-03-07.