California Commercial Code CHAPTER 6 - Discharge and Payment

• Section 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...
• Section 3602.
  (a) Subject to subdivision (b), an instrument is paid to the extent payment is made (1) by or on behalf of a party obliged to pay...
• Section 3603.
  (a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender...
• Section 3604.
  (a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (1) by an...
• Section 3605.
  (a) In this section, the term “indorser” includes a drawer having the obligation described in subdivision (d) of Section 3414.(b) Discharge, under Section 3604, of the obligation...

Last modified: October 22, 2018