Florida Statute 673.1081 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.1081

673.1081 Payable on demand or at definite time.—

(1) A promise or order is “payable on demand” if it:

(a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder; or

(b) Does not state any time of payment.

(2) A promise or order is “payable at a definite time” if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to rights of prepayment, acceleration, extension at the option of the holder, or extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.

(3) If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.

History.—s. 2, ch. 92-82.

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Amendments to 673.1081

Annotations, Discussions, Cases:

Cases Citing Statute 673.1081

Total Results: 6

Nagel v. Cronebaugh

782 So. 2d 436, 2001 WL 201608

District Court of Appeal of Florida | Filed: Mar 2, 2001 | Docket: 1512123

Cited 5 times | Published

1 of the promissory note is controlled by section 673.1081(3), Florida Statutes (1993), that provides

Jasser v. Saadeh

91 So. 3d 883, 2012 WL 2328230, 2012 Fla. App. LEXIS 9944

District Court of Appeal of Florida | Filed: Jun 20, 2012 | Docket: 60310003

Cited 4 times | Published

After a non-jury trial the court ruled that section 673.1081, Florida Statutes, governed the payment, making

Mosher v. Anderson

817 So. 2d 812, 2002 WL 716163

Supreme Court of Florida | Filed: Apr 25, 2002 | Docket: 1728254

Cited 3 times | Published

are both considered "payable on demand." See § 673.1081, Fla. Stat. (2001). [3] These two principles

In Re Whittaker

177 B.R. 360, 8 Fla. L. Weekly Fed. B 289, 1994 Bankr. LEXIS 2105, 1994 WL 738829

United States Bankruptcy Court, N.D. Florida | Filed: Aug 12, 1994 | Docket: 1804980

Cited 3 times | Published

payment," is "payable on demand" pursuant to F.S. § 673.1081. The statute of limitations begins to run from

Madura v. Bac Home Loans Servicing, LP

593 F. App'x 834

Court of Appeals for the Eleventh Circuit | Filed: Nov 10, 2014 | Docket: 65959097

Cited 2 times | Published

authorized.” Id. (emphasis added). The effect of the § 673.1081(1) presumption is to require the party challenging

Bannoura v. Bannoura

655 So. 2d 1187, 26 U.C.C. Rep. Serv. 2d (West) 807, 1995 Fla. App. LEXIS 5322, 1995 WL 296282

District Court of Appeal of Florida | Filed: May 17, 1995 | Docket: 64756670

Published

money is due. He has failed to prove this. Section 673.1081(1), Florida Statutes (1993), provides that