Montana Code 30-1-212. Value
Current as of: 2023 | Check for updates
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30-1-212. Value. Except as otherwise provided in chapters 3 through 5, a person gives value for rights if the person acquires them:
Terms Used In Montana Code 30-1-212
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(1)in return for a binding commitment to extend credit or for the extension of immediately available credit, whether or not drawn upon and whether or not a charge-back is provided for in the event of difficulties in collection;
(2)as security for, or in total or partial satisfaction of, a preexisting claim;
(3)by accepting delivery under a preexisting contract for purchase; or
(4)in return for any consideration sufficient to support a simple contract.