§ 30-3-401 Signature
§ 30-3-402 Repealed
§ 30-3-403 Signature by representative
§ 30-3-404 Unauthorized signatures
§ 30-3-405 Impostors — fictitious payees
§ 30-3-406 Negligence contributing to forged signature or alteration of instrument
§ 30-3-407 Alteration
§ 30-3-408 Repealed
§ 30-3-409 Drawee not liable on unaccepted draft
§ 30-3-410 Acceptance of draft — certified check
§ 30-3-411 Repealed
§ 30-3-412 Acceptance varying draft
§ 30-3-413 Obligation of maker
§ 30-3-414 Obligation of indorser
§ 30-3-415 Instruments signed for accommodation
§ 30-3-416 Repealed
§ 30-3-417 Transfer warranties
§ 30-3-418 Repealed
§ 30-3-419 Conversion of instrument
§ 30-3-420 Employer responsibility for fraudulent indorsement by employee
§ 30-3-421 Refusal to pay cashier’s checks, teller’s checks, and certified checks
§ 30-3-422 Obligation of acceptor
§ 30-3-423 Obligation of drawer
§ 30-3-424 Presentment warranties
§ 30-3-425 Payment or acceptance by mistake

Terms Used In Montana Code > Title 30 > Chapter 3 > Part 4 - Liability of Parties

  • Acceptor: means a drawee that has accepted a draft. See Montana Code 30-3-102
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Drawee: means a person ordered in a draft to make payment. See Montana Code 30-3-102
  • Drawer: means a person that signs a draft as a person ordering payment. See Montana Code 30-3-102
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Good faith: means honesty in fact and the observance of reasonable commercial standards of fair dealing. See Montana Code 30-3-102
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Maker: means a person that signs a note as promisor of payment. See Montana Code 30-3-102
  • 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.
  • Party: means party to an instrument. See Montana Code 30-3-102
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Statute: A law passed by a legislature.
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Writing: includes printing. See Montana Code 1-1-203