This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, specifically Chapter 382-A, governs the concept of payment in relation to instruments. It states that an instrument is considered paid when payment is made by or on behalf of a party obliged to pay the instrument to a person entitled to enforce it. This payment discharges the obligation of the party obliged to pay, even if there is a claim to the instrument by another person.

This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, discusses the concept of tender of payment. It states that if payment of an obligation to pay an instrument is tendered to a person entitled to enforce the instrument, the principles of law applicable to tender of payment under a simple contract apply. Additionally, if payment is tendered and refused, the obligation of an indorser or accommodation party with a right of recourse is discharged to the extent of the tendered amount.

This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), governs the discharge of obligations related to payment instruments. It states that a person entitled to enforce an instrument can discharge the obligation of a party to pay the instrument through intentional voluntary acts, such as surrendering, destroying, mutilating, or canceling the instrument, or by renouncing rights against the party through a signed record.

This section of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), governs the discharge of indorsers and accommodation parties in relation to the payment of instruments. It clarifies that the discharge of a party’s obligation to pay an instrument does not discharge the obligation of an indorser or accommodation party with a right of recourse against the discharged party. The section also outlines the circumstances under which an extension of the due date or a material modification of the obligation can discharge the indorser or accommodation party’s obligation, provided that it causes a loss to them.

This Article may be cited as Uniform Commercial Code-Bank Deposits and Collections. Source. 1993, 346:1, eff. Jan. 1, 1994.

(a) To the extent that items within this Article are also within Articles 3 and 8, they are subject to those Articles. If there is conflict, this Article governs Article 3, but Article 8 governs this Article. (b) The liability of a bank for action or non-action with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), governs the variation by agreement, measure of damages, and action constituting ordinary care in commercial transactions involving banks. The document states that while the provisions of this Article can be varied by agreement, a bank’s responsibility for lack of good faith or failure to exercise ordinary care cannot be disclaimed or the measure of damages limited.

This legal document is part of the New Hampshire Revised Statutes and specifically pertains to the Uniform Commercial Code (UCC). The UCC governs various aspects of commercial transactions, including the definition of terms used in the code. The document provides definitions for terms such as ‘account,’ ‘afternoon,’ ‘banking day,’ ‘clearing house,’ ‘customer,’ ‘documentary draft,’ ‘draft,’ ‘drawee,’ ‘item,’ ‘midnight deadline,’ ‘settle,’ and ‘suspends payments.’ It also references other definitions applicable to this Article and sections within the UCC.

In this Article: (1) ‘Bank’ means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company; (2) ‘Depositary bank’ means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter; (3) ‘Payor bank’ means a bank that is the drawee of a draft; (4) ‘Intermediary bank’ means a bank to which an item is transferred in course of collection except the depositary or payor bank; (5) ‘Collecting bank’ means a bank handling an item for collection except the payor bank; (6) ‘Presenting bank’ means a bank presenting an item except a payor bank.

(a) If an item states that it is ‘payable through’ a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank. (b) If an item states that it is ‘payable at’ a bank identified in the item, the item is equivalent to a draft drawn on the bank.