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Pennsylvania Statutes, Title 13

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Pennsylvania/Statutes

← All Pennsylvania coverage

Title 13, COMMERCIAL CODE

55 chapters · 632 sections in this title.

All chapters in Title 13632 Ch 93, Perfection and Priority46 Ch 2A5, 5. Default32 Ch 23, General Obligation and Construction …28 Ch 96, Default28 Ch 95, Filing27 Ch 27, Remedies25 Ch 2A2, 2. Formation and Construction of Lea…21 Ch 34, Liability of Parties20 Ch 31, General Provisions and Definitions19 Ch 51, Letters of Credit18 Ch 26, Breach, Repudiation and Excuse16 Ch 42, Collection of Items: Depositary and …16 Ch 81, Short Title and General Matters16 Ch 25, Performance15

12 sections·Filtered byTitle 13✕Ch 33✕

13 Pa.C.S. § 3301 Person entitled to enforce instrument
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"Person entitled to enforce" an instrument means: (1) the holder of the instrument; (2) a nonholder in possession of the instrument who has the rights of a holder; or (3) a person not in possession of the instrument who is entitled to enforce the instrument pursuant to section 33…
13 Pa.C.S. § 3302 Holder in due course
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(a) Definition of "holder in due course".--Subject to subsection (c) and section 3106(d) (relating to unconditional promise or order), "holder in due course" means the holder of an instrument if: (1) the instrument when issued or negotiated to the holder does not bear such appare…
13 Pa.C.S. § 3303 Value and consideration
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(a) Value.--An instrument is issued or transferred for value if: (1) the instrument is issued or transferred for a promise of performance, to the extent the promise has been performed; (2) the transferee acquires a security interest or other lien in the instrument other than a li…
13 Pa.C.S. § 3304 Overdue instrument
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(a) Instrument payable on demand.--An instrument payable on demand becomes overdue at the earliest of the following times: (1) on the day after the day demand for payment is duly made; (2) if the instrument is a check, 90 days after its date; or (3) if the instrument is not a che…

13 Pa.C.S. § 3305 Defenses and claims in recoupment

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(a) General rule.--Except as stated in subsection (b), the right to enforce the obligation of a party to pay an instrument is subject to the following: (1) a defense of the obligor based on: (i) infancy of the obligor to the extent it is a defense to a simple contract; (ii) dures…

13 Pa.C.S. § 3306 Claims to an instrument

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A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property or possessory right in the instrument or its proceeds, including a claim to rescind a negotiation and to recover the instrument or its proceeds. A perso…

13 Pa.C.S. § 3307 Notice of breach of fiduciary duty

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(a) Definitions.--As used in this section, the following words and phrases shall have the meanings given to them in this subsection: "Fiduciary." An agent, trustee, partner, corporate officer or director or other representative owing a fiduciary duty with respect to an instrument…

13 Pa.C.S. § 3308 Proof of signatures and status as holder in due course

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(a) Proof of signatures.--In an action with respect to an instrument, the authenticity of, and authority to make, each signature on the instrument is admitted unless specifically denied in the pleadings. If the validity of a signature is denied in the pleadings, the burden of est…

13 Pa.C.S. § 3309 Enforcement of lost, destroyed or stolen instrument

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(a) Enforcement.--A person not in possession of an instrument is entitled to enforce the instrument if: (1) the person was in possession of the instrument and entitled to enforce it when loss of possession occurred; (2) the loss of possession was not the result of a transfer by t…

13 Pa.C.S. § 3310 Effect of instrument on obligation for which taken

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(a) Certified check, cashier's check or teller's check given in payment of obligation.--Unless otherwise agreed, if a certified check, cashier's check or teller's check is taken for an obligation, the obligation is discharged to the same extent discharge would result if an amount…

13 Pa.C.S. § 3311 Accord and satisfaction by use of instrument

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(a) Requirements.--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 claiman…

13 Pa.C.S. § 3312 Lost, destroyed or stolen cashier's check, teller's check or certified check

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(a) Definitions.--As used in this section, the following words and phrases shall have the meanings given to them in this subsection: "Check." A cashier's check, teller's check or certified check. "Claimant." A person who claims the right to receive the amount of a cashier's check…