If a person against whom a claim is asserted proves that (i) that person in good faith tendered an instrument to the claimant as full satisfaction of the claim, (ii) the amount of the claim was unliquidated or subject to a bona fide dispute, and (iii) the claimant obtained payment of the instrument, the following subsections apply.
Unless subsection (c) applies, the claim is discharged if the person against whom the claim is asserted proves that the instrument or an accompanying written communication contained a conspicuous statement to the effect that the instrument was tendered as full satisfaction of the claim.
Subject to subsection (d), a claim is not discharged under subsection (b) if either of the following applies:
A claim is discharged if the person against whom the claim is asserted proves that within a reasonable time before collection of the instrument was initiated, the claimant, or an agent of the claimant having direct responsibility with respect to the disputed obligation, knew that the instrument was tendered in full satisfaction of the claim.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 3 - Uniform Commercial Code - Negotiable Instruments
Part 3 - . Enforcement of Instruments
§ 75-3-301. Person entitled to enforce instrument
§ 75-3-302. Holder in due course
§ 75-3-303. Value and consideration
§ 75-3-304. Overdue instrument
§ 75-3-305. Defenses and claims in recoupment
§ 75-3-306. Claims to an instrument
§ 75-3-307. Notice of breach of fiduciary duty
§ 75-3-308. Proof of signatures and status as holder in due course
§ 75-3-309. Enforcement of lost, destroyed, or stolen instrument
§ 75-3-310. Effect of instrument on obligation for which taken
§ 75-3-311. Accord and satisfaction by use of instrument
§ 75-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check