North Dakota Statutes
§ 9-05-07 — Consideration undetermined - Method of ascertaining
When a contract does not determine the amount of the consideration nor the method by
which it is to be ascertained, or when it leaves the amount thereof to the discretion of an
interested party, the consideration must be so much money as the object of the contract
reasonably is worth.
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Related
United States v. 308.56 Acres of Land, More or Less, in the County of Sheridan, State of North Dakota
520 F.2d 660 (Eighth Circuit, 1975)
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