13 Pennsylvania Consolidated Statutes Chapter 31 - General Provisions And Definitions

• Chapter Notes
• Section 3101 - Short Title Of Division
  This division shall be known and may be cited as the Uniform Commercial Code, Article 3, Negotiable Instruments.
• Section 3102 - Subject Matter
  (a) Applicability.--This division applies to negotiable instruments. It does not apply to money, to payment orders governed by Division 4A (relating to funds transfers)...
• Section 3103 - Definitions And Index Of Definitions
  (a) Definitions.--The following words and phrases when used in this division shall have the meanings given to them in this subsection: "Acceptor." A drawee...
• Section 3104 - Negotiable Instrument
  (a) Definition of "negotiable instrument".--Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed...
• Section 3105 - Issue Of Instrument
  (a) Definition of "issue".--"Issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the...
• Section 3106 - Unconditional Promise Or Order
  (a) When conditional.--Except as provided in this section, for the purposes of section 3104(a) (relating to negotiable instrument), a promise or order is unconditional...
• Section 3107 - Instrument Payable In Foreign Money
  Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in...
• Section 3108 - Payable On Demand Or At Definite Time
  (a) Payable on demand.--A promise or order is "payable on demand" if it: (1) states that it is payable on demand or at sight...
• Section 3109 - Payable To Bearer Or To Order
  (a) Payable to bearer.--A promise or order is payable to bearer if it: (1) states that it is payable to bearer or to the...
• Section 3110 - Identification Of Person To Whom Instrument Is Payable
  (a) Intent of issuer.--The person to whom an instrument is initially payable is determined by the intent of the person, whether or not authorized,...
• Section 3111 - Place Of Payment
  Except as otherwise provided for items in Division 4 (relating to bank deposits and collections), an instrument is payable at the place of payment...
• Section 3112 - Interest
  (a) General rule.--Unless otherwise provided in the instrument: (1) an instrument is not payable with interest; and (2) interest on an interest-bearing instrument is...
• Section 3113 - Date Of Instrument
  (a) Dated instrument.--An instrument may be antedated or postdated. The date stated determines the time of payment if the instrument is payable at a...
• Section 3114 - Contradictory Terms Of Instrument
  If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over numbers.
• Section 3115 - Incomplete Instrument
  (a) Definition of "incomplete instrument".--"Incomplete instrument" means a signed writing, whether or not issued by the signer, the contents of which show at the...
• Section 3116 - Joint And Several Liability; Contribution
  (a) Joint and several liability.--Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as...
• Section 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...
• Section 3118 - Statute Of Limitations
  (a) Note payable at definite time.--Except as provided in subsection (e), an action to enforce the obligation of a party to pay a note...
• Section 3119 - Notice Of Right To Defend Action
  In an action for breach of an obligation for which a third person is answerable over pursuant to this division or Division 4 (relating...

Last modified: October 8, 2016