(a) The obligation of a party to pay the instrument is discharged as stated in §§ 501-755 of this title 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. History —Aug. 17, 1995, No. 208, § 2-601; Aug. 31, 1996, No. 176, § 2.
Puerto Rico Legal Code