§ 28-1-1501 Novation defined
§ 28-1-1502 Kinds of novation
§ 28-1-1503 How novation accomplished
§ 28-1-1504 When acceptance of novation may be rescinded
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Terms Used In Montana Code > Title 28 > Chapter 1 > Part 15 - Novation

  • Contract: A legal written agreement that becomes binding when signed.
  • 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