(1) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
(2) 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.
History.—s. 2, ch. 92-82.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 673 - Uniform Commercial Code: Negotiable Instruments
Part VI - Discharge and Payment (Ss. 673.6011-673.6051)
673.6011 - Discharge and effect of discharge.
673.6041 - Discharge by cancellation or renunciation.
673.6051 - Discharge of indorsers and accommodation parties.