Montana Code 28-1-1402. Satisfaction — definition and effect
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28-1-1402. Satisfaction — definition and effect. Acceptance by the creditor of the consideration of an accord extinguishes the obligation and is called satisfaction.
Terms Used In Montana Code 28-1-1402
- 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.