§3-1117. 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. [PL 1993, c. 293, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 1993, c. 293, §A2 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 3-A: NEGOTIABLE INSTRUMENTS
Part 1: GENERAL PROVISIONS AND DEFINITIONS
11 §3-1104. Negotiable instrument
11 §3-1105. Issue of instrument
11 §3-1106. Unconditional promise or order
11 §3-1107. Instrument payable in foreign money
11 §3-1108. Payable on demand or at definite time
11 §3-1109. Payable to bearer or to order
11 §3-1110. Identification of person to whom instrument is payable
11 §3-1113. Date of instrument
11 §3-1114. Contradictory terms of instrument
11 §3-1115. Incomplete instrument
11 §3-1116. Joint and several liability; contribution
11 §3-1117. Other agreements affecting instrument