Payment needed to bind purchase optionOptions without consideration are gifts that can be revoked at will; even a small payment can secure an option for minerals in ND Jannelle Steger Combs For Petroleum News Bakken
On Dec. 18, 2014, the North Dakota Supreme Court issued a ruling in a case originating from property in Burleigh County. The ruling has an effect on mineral ownership across North Dakota.
ient proof that there were funds tendered to McCormick to bind the option. However, the existence of considerat....
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An option to purchase Supreme Court and lessons learned
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