The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

View Entire Chapter

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.

F.S. 673.1081 on Google Scholar

F.S. 673.1081 on Casetext

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 from cite.case.law:

MADURA, v. BAC HOME LOANS SERVICING, LP, f. k. a. LP, NA,, 593 F. App'x 834 (11th Cir. 2014)

. . . The effect of the § 673.1081(1) presumption is to require the party challenging the signature to produce . . .

S. JASSER, S. v. SAADEH,, 91 So. 3d 883 (Fla. Dist. Ct. App. 2012)

. . . After a non-jury trial the court ruled that section 673.1081, Florida Statutes, governed the payment, . . . Section 673.1081, Florida Statutes, provides that a note is “payable on demand” if it “[d]oes not state . . . any time of payment.” § 673.1081(l)(b), Fla. . . . time at the option of the maker or acceptor or automatically upon or after a specified act or event. § 673.1081 . . .

In MCB FINANCIAL GROUP, INC., 461 B.R. 914 (Bankr. N.D. Ga. 2011)

. . . . § 673.1081(3). . . .

T. MOSHER, v. J. ANDERSON,, 817 So. 2d 812 (Fla. 2002)

. . . See § 673.1081, Fla. Stat. (2001). . . . .

M. NAGEL, E. v. CRONEBAUGH, 782 So. 2d 436 (Fla. Dist. Ct. App. 2001)

. . . a demand note, the same as it would be if it had been negotiable and construed pursuant to section 673.1081 . . . THE PROMISSORY NOTE Nagel argues that paragraph 1 of the promissory note is controlled by section 673.1081 . . . Hence, the note is not a negotiable instrument and section 673.1081(3) does not apply. . . .

BANNOURA, v. BANNOURA,, 655 So. 2d 1187 (Fla. Dist. Ct. App. 1995)

. . . Section 673.1081(1), Florida Statutes (1993), provides that (1) A promise or order is “payable on demand . . . Pursuant to section 673.1081(l)(b), Florida Statutes (1993), the loan as evidenced by the cancelled check . . .

In C. WHITTAKER A., 177 B.R. 360 (Bankr. N.D. Fla. 1994)

. . . . § 673.1081. The statute of limitations begins to run from the date the cause of action accrues. . . . See, e.g., Fla.Stat. § 673.1081 (absent due date, promise is “payable on demand”). . . .