403.601 Discharge and effect of discharge. - Wisconsin Statutes

403.601

SUBCHAPTER VI
DISCHARGE AND PAYMENT
403.601 Discharge and effect of discharge.

403.601(1)

(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.

403.601(2)

(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.

403.601 - ANNOT.

History: 1995 a. 449.