Montana Code 28-1-1601. Extinction of obligation by a release
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28-1-1601. Extinction of obligation by a release. An obligation is extinguished by a release therefrom given to the debtor by the creditor upon a new consideration or in writing, with or without new consideration.
Terms Used In Montana Code 28-1-1601
- 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.
- Writing: includes printing. See Montana Code 1-1-203