Florida Statute 673.4131 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.4131

673.4131 Obligation of acceptor.—

(1) The acceptor of a draft is obliged to pay the draft:

(a) According to its terms at the time it was accepted, even though the acceptance states that the draft is payable “as originally drawn” or equivalent terms;

(b) If the acceptance varies the terms of the draft, according to the terms of the draft as varied; or

(c) If the acceptance is of a draft that is an incomplete instrument, according to its terms when completed, to the extent stated in ss. 673.1151 and 673.4071.

The obligation is owed to a person entitled to enforce the draft or to the drawer or an indorser who paid the draft under s. 673.4141 or s. 673.4151.

(2) If the certification of a check or other acceptance of a draft states the amount certified or accepted, the obligation of the acceptor is that amount. If the certification or acceptance does not state an amount, the amount of the instrument is subsequently raised, and the instrument is then negotiated to a holder in due course, the obligation of the acceptor is the amount of the instrument at the time it was taken by the holder in due course.

History.—s. 2, ch. 92-82.

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Amendments to 673.4131

Arrestable Offenses / Crimes under Fla. Stat. 673.4131

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.4131.

Annotations, Discussions, Cases:

Cases Citing Statute 673.4131

Total Results: 1

Braham v. Branch Banking & Trust Co.

Court: Fla. Dist. Ct. App. | Date Filed: 2015-07-02T00:00:00-07:00

Citation: 170 So. 3d 844, 87 U.C.C. Rep. Serv. 2d (West) 18, 2015 Fla. App. LEXIS 9987, 2015 WL 4002385

Snippet: , Appellant asserted a claim based on sections 673.4131 and 673.4081 pertaining to a bank’s acceptance…obligation was to pay the draft as varied. See § 673.4131(l)(b), Fla. Stat. (2012) (acceptor of draft obligated