673.6011 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 […]
673.6021 Payment.— (1) Subject to subsection (2), an instrument is paid to the extent payment is made by or on behalf of a party obliged to pay the instrument and to a person entitled to enforce the instrument. To the extent of the payment, the obligation of the party obliged to pay the instrument is discharged even […]
673.6031 Tender of payment.— (1) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract. (2) If tender of payment of an obligation to pay an instrument is […]
673.6041 Discharge by cancellation or renunciation.— (1) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument: (a) By an intentional voluntary act, such as: 1. Surrender of the instrument to the party; 2. Destruction, mutilation, or cancellation of the instrument; 3. Cancellation or striking out of the party’s […]
673.6051 Discharge of indorsers and accommodation parties.— (1) In this section, the term “indorser” includes a drawer having the obligation described in s. 673.4141(4). (2) Discharge, under s. 673.6041, of the obligation of a party to pay an instrument does not discharge the obligation of an indorser or accommodation party having a right of recourse against the discharged […]
