Montana Code 28-10-609. Principal’s liability when agent given exclusive credit
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28-10-609. Principal’s liability when agent given exclusive credit. If exclusive credit is given to an agent by the person dealing with the agent, the agent’s principal is exonerated by payment or other satisfaction made by the principal to the agent in good faith before receiving notice of the creditor’s election to hold the principal responsible.
Terms Used In Montana Code 28-10-609
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201