§ 28-11-101 Guaranty defined
§ 28-11-102 Knowledge or consent of principal not required
§ 28-11-103 When separate consideration required
§ 28-11-104 Guaranty generally to be in writing — form
§ 28-11-105 When guaranty considered original obligation and need not be in writing
§ 28-11-106 When notice of acceptance necessary to bind guarantor
§ 28-11-107 When guaranty considered unconditional
§ 28-11-108 Continuing guaranty — definition — revocation
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Terms Used In Montana Code > Title 28 > Chapter 11 > Part 1 - Guaranty -- General Provisions

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • 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
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: means real and personal property. See Montana Code 1-1-205
  • Writing: includes printing. See Montana Code 1-1-203