Montana Code 27-2-202. Actions based on contract or other obligation
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27-2-202. Actions based on contract or other obligation. (1) The period prescribed for the commencement of an action on any contract, covenant, obligation, or liability founded on an instrument in writing is within 8 years.
Terms Used In Montana Code 27-2-202
- action: as used in this chapter , is to be construed, whenever it is necessary to do so, as including a special proceeding of a civil nature. See Montana Code 27-2-101
- 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.
- Writing: includes printing. See Montana Code 1-1-203
(2)The period prescribed for the commencement of an action on a contract, account, or promise not founded on an instrument in writing is within 5 years.
(3)The period prescribed for the commencement of an action on an obligation or liability, other than a contract, account, or promise, not founded on an instrument in writing is within 3 years.