Pennsylvania § 3202 - Negotiation subject to rescission.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 3202 — Negotiation subject to rescission., with citation guidance and answers to common questions.
§ 3202. Negotiation subject to rescission.
(a) General rule.--Negotiation is effective even if obtained:
(1) from an infant, a corporation exceeding its powers or a person without capacity;
(2) by fraud, duress or mistake; or
(3) in breach of duty or as part of an illegal transaction.
(b) Rescission or other remedies.--To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.
Frequently Asked Questions About Pennsylvania § 3202
What does Pennsylvania Consolidated Statutes § 3202 cover?
Section 3202 ("Negotiation subject to rescission.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 3202?
A common citation format is "Pennsylvania Consolidated Statutes § 3202" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 3202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.