13 Pennsylvania Consolidated Statutes Chapter 36 - Discharge And Payment

• Chapter Notes
• Section 3601 - Discharge And Effect Of Discharge
  (a) Discharge.--The obligation of a party to pay the instrument is discharged as stated in this division or by an act or agreement with...
• Section 3602 - Payment
  (a) General rule.--Subject to subsection (b), an instrument is paid to the extent payment is made by or on behalf of a party obliged...
• Section 3603 - Tender Of Payment
  (a) Applicability of contract law.--If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the...
• Section 3604 - Discharge By Cancellation Or Renunciation
  (a) Methods of discharge.--A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the...
• Section 3605 - Discharge Of Indorsers And Accommodation Parties
  (a) Definition.--As used in this section, the term "indorser" includes a drawer having the obligation described in section 3414(d) (relating to obligation of drawer)....

Last modified: October 8, 2016