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Current as of January 01, 2024 | Updated by Findlaw Staff
When a guaranty is entered into at the same time with the original obligation or with the acceptance of the original obligation by the person making the guaranty and forms with that original obligation a part of the consideration to the person, no other consideration need exist. In all other cases, there must be a consideration distinct from that of the original obligation.
Cite this article: FindLaw.com - Montana Title 28. Contracts and Other Obligations § 28-11-103. When separate consideration required - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-28-contracts-and-other-obligations/mt-st-28-11-103/
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