30-3-119. Other agreements affecting instrument. Subject to applicable law regarding exclusion of proof of contemporaneous or prior 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.
History: En. Sec. 3-119, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-119; amd. Sec. 104, Ch. 410, L. 1991.
Structure Montana Code Annotated
Chapter 3. Uniform Commercial Code Negotiable Instruments
Part 1. Short Title, Form, and Interpretation
30-3-104. Negotiable instrument
30-3-105. Unconditional promise or order
30-3-107. Instrument payable in foreign money
30-3-111. Payable to bearer or to order
30-3-115. Incomplete instrument
30-3-119. Other agreements affecting instrument
30-3-122. Statute of limitations
30-3-126. Identification of person to whom instrument is payable
30-3-129. Contradictory terms of instrument