47-3117. Other agreements affecting instrument
Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument may be modified, supplemented or nullified by a separate agreement of the obligor and a person entitled to enforce the instrument, if the instrument is issued or the obligation is incurred in reliance on the agreement or as part of the same transaction giving rise to the agreement. To the extent an obligation is modified, supplemented or nullified by an agreement under this section, the agreement is a defense to the obligation.
Section: Previous 47-3110 47-3111 47-3112 47-3113 47-3114 47-3115 47-3116 47-3117 47-3118 47-3119 47-3201 47-3202 47-3203 47-3204 47-3205 NextLast modified: October 13, 2016