Montana Code 27-2-409. Acknowledgment of debt or part payment
Current as of: 2023 | Check for updates
|
Other versions
27-2-409. Acknowledgment of debt or part payment. (1) An acknowledgment or the part payment of a debt is sufficient evidence to cause the relevant statute of limitations to begin running anew.
Terms Used In Montana Code 27-2-409
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
- Writing: includes printing. See Montana Code 1-1-203
(2)An acknowledgment must be contained in some writing signed by the party to be charged thereby.
(3)Part payment is any payment of principal or interest.