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Discharge of the Parties 462
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acceptance action agency agent agreed agreement apply Article assignment authority bailee bailment bank bankruptcy bearer instrument bill of lading breach buyer circumstances claim clause collateral commercial common law constitute contract corporation creditors damages debt debtor defendant delivered delivery depositary bank directors discharge dishonor document draft drawee drawer duty enforceable example exist express warranty fact federal fee simple filing financing statement holder in due indorsement instrument involved issue issuer judgment liability lien ment negligence negotiable negotiable instrument notice notified obligation offer offeror otherwise owner partner partnership payable payee payment performance person plaintiff possession present promise purchase reasonable received recover result rule Section secured party security interest sell seller shareholders shares situation specific statute third party tion tort transaction transfer trial court trust U.S. Supreme Court unless usually warranty