§ 28-1-1101 Extinction of obligation by full performance
§ 28-1-1102 Performance by one of several joint debtors
§ 28-1-1103 Performance to one of several joint creditors
§ 28-1-1104 Extinction when directions of creditor followed
§ 28-1-1105 When partial performance extinguishes part of obligation
§ 28-1-1106 Application of performance when there are several obligations
§ 28-1-1111 Receipt for money, instrument, or property delivered
§ 28-1-1112 Objections to tender — waiver
§ 28-1-1113 Creditor’s retention of thing that creditor refuses to accept
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Terms Used In Montana Code > Title 28 > Chapter 1 > Part 11 - Extinction of Obligation by Performance

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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
  • Property: means real and personal property. See Montana Code 1-1-205
  • Several: means two or more. See Montana Code 1-1-201
  • Trustee: A person or institution holding and administering property in trust.