North Dakota Statutes
§ 9-05-06 — Executory consideration - Method of ascertaining
When a consideration is executory, it is not indispensable that the contract should specify its
amount or the means of ascertaining it. It may be left to the decision of a third person or
regulated by any specified standard.
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Related
Sorenson v. Felton
2011 ND 33 (North Dakota Supreme Court, 2011)
Oil v. Riemer
2011 ND 22 (North Dakota Supreme Court, 2011)
Nearby Sections
15
§ 9-01-01
Definitions§ 9-01-02
Requisites of contract§ 9-01-04
Joint and several contracts§ 9-01-06
Obligations classified§ 9-01-07
Joint obligation - Presumption§ 9-01-08
Joint obligation - Contribution§ 9-01-09
Conditional obligation defined§ 9-01-11
Condition precedent defined§ 9-01-12
Conditions concurrent defined§ 9-01-13
Condition subsequent defined§ 9-01-14
Conditions unlawful or impossible§ 9-01-15
Forfeiture - Interpretation