Wisconsin Statutes & Annotations
Chapter 403 - Uniform commercial code — negotiable instruments.
403.601 - Discharge and effect of discharge.

403.601 Discharge and effect of discharge.
(1) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
(2) Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge.
History: 1995 a. 449.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 403 - Uniform commercial code — negotiable instruments.

403.102 - Subject matter.

403.103 - Definitions.

403.104 - Negotiable instrument.

403.105 - Issue of instrument.

403.106 - Unconditional promise or order.

403.107 - Instrument payable in foreign money.

403.108 - Payable on demand or at definite time.

403.109 - Payable to bearer or to order.

403.110 - Identification of person to whom instrument is payable.

403.111 - Place of payment.

403.112 - Interest.

403.113 - Date of instrument.

403.114 - Contradictory terms of instrument.

403.115 - Incomplete instrument.

403.116 - Joint and several liability; contribution.

403.117 - Other agreements affecting instrument.

403.118 - Statute of limitations.

403.119 - Notice of right to defend action.

403.201 - Negotiation.

403.202 - Negotiation subject to rescission.

403.203 - Transfer of instrument; rights acquired by transfer.

403.204 - Endorsement.

403.205 - Special endorsement; blank endorsement; anomalous endorsement.

403.206 - Restrictive endorsement.

403.207 - Reacquisition.

403.301 - Person entitled to enforce instrument.

403.302 - Holder in due course.

403.303 - Value and consideration.

403.304 - Overdue instrument.

403.305 - Defenses and claims in recoupment.

403.306 - Claims to an instrument.

403.307 - Notice of breach of fiduciary duty.

403.308 - Proof of signatures and status as holder in due course.

403.309 - Enforcement of lost, destroyed or stolen instrument.

403.310 - Effect of instrument on obligation for which taken.

403.311 - Accord and satisfaction by use of instrument.

403.312 - Lost, destroyed or stolen cashier's check, teller's check or certified check.

403.401 - Signature.

403.402 - Signature by representative.

403.403 - Unauthorized signature.

403.404 - Impostors; fictitious payees.

403.405 - Employer's responsibility for fraudulent endorsement by employee.

403.406 - Negligence contributing to forged signature or alteration of instrument.

403.407 - Alteration.

403.408 - Drawee not liable on unaccepted draft.

403.409 - Acceptance of draft; certified check.

403.410 - Acceptance varying draft.

403.411 - Refusal to pay cashier's checks, teller's checks and certified checks.

403.412 - Obligation of issuer of note or cashier's check.

403.413 - Obligation of acceptor.

403.414 - Obligation of drawer.

403.415 - Obligation of endorser.

403.416 - Transfer warranties.

403.417 - Presentment warranties.

403.418 - Payment or acceptance by mistake.

403.419 - Instruments signed for accommodation.

403.420 - Conversion of instrument.

403.501 - Presentment.

403.502 - Dishonor.

403.503 - Notice of dishonor.

403.504 - Excused presentment and notice of dishonor.

403.505 - Evidence of dishonor.

403.601 - Discharge and effect of discharge.

403.602 - Payment.

403.603 - Tender of payment.

403.604 - Discharge by cancellation or renunciation.

403.605 - Discharge of endorsers and accommodation parties.