- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 3. Negotiable Instruments
- Section 117. Other Agreements Affecting Instrument.
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. Joint and Several Liability; Contribution.
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. Statute of Limitations.
AS 45.03.117. Other Agreements Affecting Instrument.
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 a 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
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