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why chat
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Posted by scott (65.25.97.197) on October 17, 2003 at 17:23:48:
What does this mean in english? I need to make sure. §12A-3-117.
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.
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