Montana Code 28-1-405. Condition subsequent defined
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28-1-405. Condition subsequent defined. A condition subsequent is one referring to a future event upon the happening of which the obligation becomes no longer binding upon the other party if the other party chooses to take advantage of the condition.
Terms Used In Montana Code 28-1-405
- 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.