Sec. 3.117. 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.
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 3 - Negotiable Instruments
Subchapter A. General Provisions and Definitions
Section 3.104. Negotiable Instrument
Section 3.105. Issue of Instrument
Section 3.106. Unconditional Promise or Order
Section 3.107. Instrument Payable in Foreign Money
Section 3.108. Payable on Demand or at Definite Time
Section 3.109. Payable to Bearer or to Order
Section 3.110. Identification of Person to Whom Instrument Is Payable
Section 3.111. Place of Payment
Section 3.113. Date of Instrument
Section 3.114. Contradictory Terms of Instrument
Section 3.115. Incomplete Instrument
Section 3.116. Joint and Several Liability; Contribution
Section 3.117. Other Agreements Affecting Instrument