Del. Code Ann. tit. 6, § 3-601 – Discharge and effect of discharge | Midpage
§ 3-601
Del. Code Ann. tit. 6, § 3-601
Discharge and effect of discharge
5A Del. C. 1953, §§ 3-601; 55 Del. Laws, c. 349; 70 Del. Laws, c. 86, § 3;
(a) The obligation of a party to pay the instrument is discharged as stated in this Article or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
(b) 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.