Montana Code 70-7-102. Loan for use defined
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70-7-102. Loan for use defined. A loan for use is a contract by which one gives to another the temporary use and possession of personal property and the latter agrees to return the same thing to the loaning person at a future time without reward for its use.
Terms Used In Montana Code 70-7-102
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201