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Florida Statute 673.3101 - Full Text and Legal Analysis
Florida Statute 673.3101 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
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The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS
View Entire Chapter
673.3101 Effect of instrument on obligation for which taken.
(1) Unless otherwise agreed, if a certified check, cashier’s check, or teller’s check is taken for an obligation, the obligation is discharged to the same extent discharge would result if an amount of money equal to the amount of the instrument were taken in payment of the obligation. Discharge of the obligation does not affect any liability that the obligor may have as an indorser of the instrument.
(2) Unless otherwise agreed and except as provided in subsection (1), if a note or an uncertified check is taken for an obligation, the obligation is suspended to the same extent the obligation would be discharged if an amount of money equal to the amount of the instrument were taken, and the following rules apply:
(a) In the case of an uncertified check, suspension of the obligation continues until dishonor of the check or until it is paid or certified. Payment or certification of the check results in discharge of the obligation to the extent of the amount of the check.
(b) In the case of a note, suspension of the obligation continues until dishonor of the note or until it is paid. Payment of the note results in discharge of the obligation to the extent of the payment.
(c) Except as provided in paragraph (d), if the check or note is dishonored and the obligee of the obligation for which the instrument was taken is the person entitled to enforce the instrument, the obligee may enforce either the instrument or the obligation. In the case of an instrument of a third person which is negotiated to the obligee by the obligor, discharge of the obligor on the instrument also discharges the obligation.
(d) If the person entitled to enforce the instrument taken for an obligation is a person other than the obligee, the obligee may not enforce the obligation to the extent the obligation is suspended. If the obligee is the person entitled to enforce the instrument but no longer has possession of it because it was lost, stolen, or destroyed, the obligation may not be enforced to the extent of the amount payable on the instrument, and to that extent the obligee’s rights against the obligor are limited to enforcement of the instrument.
(3) If an instrument other than one described in subsection (1) or subsection (2) is taken for an obligation, the effect is:
(a) That stated in subsection (1) if the instrument is one on which a bank is liable as maker or acceptor; or
(b) That stated in subsection (2) in any other case.
History.s. 2, ch. 92-82.

F.S. 673.3101 on Google Scholar

F.S. 673.3101 on CourtListener

Amendments to 673.3101


Annotations, Discussions, Cases:

Cases Citing Statute 673.3101

Total Results: 5  |  Sort by: Relevance  |  Newest First

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Miller v. Florida Mining & Materials (In Re A.W. & Assocs., Inc.), 196 B.R. 900 (Bankr. N.D. Fla. 1996).

Cited 3 times | Published | United States Bankruptcy Court, N.D. Florida | 36 Collier Bankr. Cas. 2d 211, 10 Fla. L. Weekly Fed. B 3, 31 U.C.C. Rep. Serv. 2d (West) 820, 1996 Bankr. LEXIS 694, 1996 WL 335486

...If the check is not honored upon its initial presentment, and subsequently resubmitted, the date of delivery no longer controls and the date of payment becomes the date the check is actually honored by the drawee bank. This conclusion is in accord with the Florida Uniform Commercial Code. Section 673.3101, Florida Statutes provides that: (2) Unless otherwise agreed and except as provided in subsection (1), if a note or an uncertified check is taken for an obligation, the obligation is suspended to the same extent the obligation would...
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In re Williams, 269 B.R. 68 (M.D. Fla. 2001).

Published | District Court, M.D. Florida | 15 Fla. L. Weekly Fed. B 9, 2001 Bankr. LEXIS 1414, 89 A.F.T.R.2d (RIA) 674, 2001 WL 1355608

...king account. In the College Bound case, the checks were received, deposited, and then dishonored. The possibility of dishonor of a check, however, should not affect the determination of when a check is actually received by a payee. Florida Statutes § 673.3101 controls the relationship between payors and payees of negotiable instruments (as opposed to the relationship between banks, as relied upon in In re College Bound, Inc., supra)....
...a provisional settlement for the item and failed to revoke the settlement in the time and manner permitted by statute, clearinghouse rule, or agreement. (2) If provisional settlement for an item does not become final, the item is not finally paid. . § 673.3101....
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VFS Leasing Co. v. Markel Ins. Co. (11th Cir. 2024).

Published | Court of Appeals for the Eleventh Circuit

Argued: Mar 7, 2024

...To be clear, a party in VFS’s position is not without re- course. As the Seventh Circuit noted in Thirteen Investment Com- pany, the plaintiff could have sued the bank as a remedy. 67 F.4th at 394. We agree here. Section 673.3101(1) of the Florida Statutes (UCC § 3-301) states that if a “check is taken for an obligation, the obligation is suspended to the same extent the obligation would be discharged if an amount of money equal to the amount of the in- strument were taken” and “suspension of the obligation continues until dishonor of the check or until it is paid or certified.” Sec- tion 673.3101’s comment 4 also states: “[i]f the payor bank pays a person not entitled to enforce the instrument, ....
...vi- sions. While Markel American’s obligation has been discharged under § 673.4141(3), the underlying obligation on the checks them- selves has not been discharged under § 673.1101(4), but rather sus- pended under § 673.3101, and it may still be enforced against the bank. IV....
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Feltman v. Am. Int'l Airways, Inc. (In re Aerial Transit Co.), 190 B.R. 464 (Bankr. S.D. Fla. 1996).

Published | United States Bankruptcy Court, S.D. Florida. | 9 Fla. L. Weekly Fed. B 265, 1996 Bankr. LEXIS 4, 28 Bankr. Ct. Dec. (CRR) 428

...ishonored when presentment is made and due acceptance or payment is refused. Fla.Stat. § 673.5021. Bel-lomy-Lawson also note that if an uncertified check is taken for an obligation, the obligation is suspended until dishonor of the check. Fla.Stat. § 673.3101(2)....
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Procedo Gesellschaft Fur Exportfactoring, D. Klindworth MBH v. Juli-& Holding of Florida, Inc., 691 So. 2d 1143 (Fla. Dist. Ct. App. 1997).

Published | District Court of Appeal of Florida | 32 U.C.C. Rep. Serv. 2d (West) 1145, 1997 Fla. App. LEXIS 3966, 1997 WL 180162

...Procedo and Con-Trade agreed to resolve their disputes in Germany; Con-Trade and the Florida corporations agreed to resolve their disputes in Germany. However, the parties now in litigation in Florida did not agree to resolve any disputes between themselves in any particular forum. Pursuant to section 673.3101(2)(c), Florida Statutes, Pro-cedo, the obligee on the bills of exchange, could sue either on the underlying obligation, or the instruments themselves....

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