§ 28-2-201 Who may contract
§ 28-2-202 Contracts of persons entirely without understanding
§ 28-2-203 Contracts of persons with limited understanding
§ 28-2-204 When person of unsound mind cannot disaffirm contract
§ 28-2-205 When contract for benefit of third person may be enforced by third person
§ 28-2-206 Assignment of nonnegotiable written contract
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Terms Used In Montana Code > Title 28 > Chapter 2 > Part 2 - Parties

  • Contract: A legal written agreement that becomes binding when signed.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.