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California Commercial Code Section 3601

Legal Research Home > California Laws > Commercial Code > California Commercial Code Section 3601

3601.  (a) The obligation of a party to pay the instrument is
discharged as stated in this division 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.

Section: 3601 3602 3603 3604 3605 Next

Last modified: February 22, 2013