South Carolina Statutes

§ 36-3-117 — Other agreements affecting instrument.

South Carolina § 36-3-117
JurisdictionSouth Carolina
Title 36COMMERCIAL CODE
Ch. 3COMMERCIAL CODE—NEGOTIABLE INSTRUMENTS

This text of South Carolina § 36-3-117 (Other agreements affecting instrument.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.C. Code Ann. § 36-3-117 (2026).

Text

Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument may be modified, supplemented, or nullified by a separate agreement of the obligor and a person entitled to enforce the instrument, if the instrument is issued or the obligation is incurred in reliance on the agreement or as part of the same transaction giving rise to the agreement. To the extent an obligation is modified, supplemented, or nullified by an agreement under this section, the agreement is a defense to the obligation.

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Legislative History

HISTORY: 1962 Code SECTION 10.3-117; 1966 (54) 2716; 2008 Act No. 204, SECTION 2, eff July 1, 2008.

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Bluebook (online)
South Carolina § 36-3-117, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/3/36-3-117.