§ 3-601 Discharge and effect of discharge.

6 DE Code § 3-601 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) The obligation of a party to pay the instrument is discharged as stated in this Article or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.

(b) Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge.

5A Del. C. 1953, § 3-601; 55 Del. Laws, c. 349; 70 Del. Laws, c. 86, § 3.

No previous sections
Next Section
§ 3-602 Payment.