California Commercial Code

§ 3311

COM § 3311 Effective Jan 1, 1993Div. 3 · Ch. 3

Statute text

(a)If a person against whom a claim is asserted proves that (1) that person in good faith tendered an instrument to the claimant as full satisfaction of the claim, (2) the amount of the claim was unliquidated or subject to a bona fide dispute, and (3) the claimant obtained payment of the instrument, the following subdivisions apply.

(b)Unless subdivision (c) applies, the claim is discharged if the person against whom the claim is asserted proves that the instrument or an accompanying written communication contained a conspicuous statement to the effect that the instrument was tendered as full satisfaction of the claim.

(c)Subject to subdivision (d), a claim is not discharged under subdivision (b) if either of the following applies:

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Legislative history

Added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.