§ 30-11-601 Factor defined
§ 30-11-602 Obedience required from factor
§ 30-11-603 Sales on credit
§ 30-11-604 Liability of factor under guaranty commission
§ 30-11-605 Principal’s consent needed to relieve factor from liability
§ 30-11-606 Authority of factor
§ 30-11-607 Ostensible authority

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Terms Used In Montana Code > Title 30 > Chapter 11 > Part 6 - Factors

  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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
  • Usage: means a reasonable and lawful public custom concerning transactions of the same nature as those which are to be affected thereby, existing at the place where the obligation is to be performed, and either known to the parties or so well established, general, and uniform that the parties must be presumed to have acted with reference thereto. See Montana Code 1-1-206
  • Usual: means according to usage. See Montana Code 1-1-206