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 Code section, the agreement is a defense to the obligation.
History. Code 1981, § 11-3-117 , enacted by Ga. L. 1996, p. 1306, § 3; Ga. L. 1997, p. 143, § 11.
Law reviews.
For article discussing parol evidence in the law of commercial paper, see 13 Ga. L. Rev. 53 (1978).
For comment on Geiger Fin. Co. v. Graham, 123 Ga. App. 771 , 182 S.E.2d 521 (1971), see 8 Ga. St. B.J. 400 (1972).
Structure Georgia Code
Article 3 - Negotiable Instruments
Part 1 - General Provisions and Definitions
§ 11-3-104. Negotiable Instrument
§ 11-3-105. Issue of Instrument
§ 11-3-106. Unconditional Promise or Order
§ 11-3-107. Instrument Payable in Foreign Money
§ 11-3-108. Payable on Demand or at Definite Time
§ 11-3-109. Payable to Bearer or to Order
§ 11-3-110. Identification of Person to Whom Instrument Is Payable
§ 11-3-113. Date of Instrument
§ 11-3-114. Contradictory Terms of Instrument
§ 11-3-115. Incomplete Instrument
§ 11-3-116. Joint and Several Liability; Contribution
§ 11-3-117. Other Agreements Affecting Instrument