Florida Statute 673.1081 | Lawyer Caselaw & Research

The 2024 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

Arrestable Offenses / Crimes under Fla. Stat. 673.1081

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.1081.

Annotations, Discussions, Cases:

Cases Citing Statute 673.1081

Total Results: 4

Jasser v. Saadeh

Court: Fla. Dist. Ct. App. | Date Filed: 2012-06-20T00:00:00-07:00

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

Snippet: a non-jury trial the court ruled that section 673.1081, Florida Statutes, governed the payment, making…amount of the note was payable on demand. Section 673.1081, Florida Statutes, provides that a note is “payable…if it “[d]oes not state any time of payment.” § 673.1081(l)(b), Fla. Stat. (2011). A note is “payable at…automatically upon or after a specified act or event. § 673.1081(2), Fla. Stat. (2011). The joint pretrial stipulation

Mosher v. Anderson

Court: Fla. | Date Filed: 2002-04-25T00:53:00-07:00

Citation: 817 So. 2d 812

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

Nagel v. Cronebaugh

Court: Fla. Dist. Ct. App. | Date Filed: 2001-03-01T23:53:00-08:00

Citation: 782 So. 2d 436

Snippet: of the promissory note is controlled by section 673.1081(3), Florida Statutes (1993), that provides, "…note is not a negotiable instrument and section 673.1081(3) does not apply. We turn, therefore, to general…been negotiable and construed pursuant to section 673.1081(3), Florida Statutes (1993). The statute is merely

Bannoura v. Bannoura

Court: Fla. Dist. Ct. App. | Date Filed: 1995-05-17T00:00:00-07:00

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

Snippet: money is due. He has failed to prove this. Section 673.1081(1), Florida Statutes (1993), provides that (1)…state any time of payment. Pursuant to section 673.1081(l)(b), Florida Statutes (1993), the loan as evidenced