Montana Code 28-1-1101. Extinction of obligation by full performance
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28-1-1101. Extinction of obligation by full performance. Full performance of an obligation by the party whose duty it is to perform it or by any other person on that party’s behalf and with that party’s assent, if accepted by the creditor, extinguishes it.
Terms Used In Montana Code 28-1-1101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201