Montana Code 28-11-205. When guarantor of payment or performance becomes liable
Current as of: 2023 | Check for updates
|
Other versions
28-11-205. When guarantor of payment or performance becomes liable. A guarantor of payment or performance is liable to the guarantee immediately upon the default of the principal and without demand or notice.
Terms Used In Montana Code 28-11-205
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC