New York Statutes
§ 3-802 — Effect of Instrument on Obligation for Which It Is Given
New York § 3-802
This text of New York § 3-802 (Effect of Instrument on Obligation for Which It Is Given) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Uniform Commercial Code § 3-802 (2026).
Text
Section 3--802. Effect of Instrument on Obligation for Which It Is\n Given.\n (1) Unless otherwise agreed where an instrument is taken for an\nunderlying obligation\n (a) the obligation is pro tanto discharged if a bank is drawer,\n maker or acceptor of the instrument and there is no recourse\n on the instrument against the underlying obligor; and\n (b) in any other case the obligation is suspended pro tanto until\n the instrument is due or if it is payable on demand until its\n presentment. If the instrument is dishonored action may be\n maintained on either the instrument or the obligation;\n discharge of the underlying obligor on the instrument also\n discharges him on the obligation.\n
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Related
Scaccia Concrete Corp. v. Hartford Fire Insurance
280 A.D.2d 538 (Appellate Division of the Supreme Court of New York, 2001)
Nearby Sections
15
§ 3-101
Short Title§ 3-106
Sum Certain§ 3-107
Money§ 3-108
Payable on Demand§ 3-109
Definite Time§ 3-110
Payable to Order§ 3-111
Payable to Bearer§ 3-113
Seal§ 3-114
Date, Antedating, Postdating§ 3-115
Incomplete InstrumentsCite This Page — Counsel Stack
Bluebook (online)
New York § 3-802, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/UCC/3-802.