(1) According to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder; or
(2) If the issuer signed 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 instrument or to an indorser who paid the instrument under s. 673.4151.
History.—s. 2, ch. 92-82.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 673 - Uniform Commercial Code: Negotiable Instruments
Part IV - Liability of Parties (Ss. 673.4011-673.4201)
673.4021 - Signature by representative.
673.4031 - Unauthorized signature.
673.4041 - Impostors; fictitious payees.
673.4051 - Employer’s responsibility for fraudulent indorsement by employee.
673.4061 - Negligence contributing to forged signature or alteration of instrument.
673.4081 - Drawee not liable on unaccepted draft.
673.4091 - Acceptance of draft; certified check.
673.4101 - Acceptance varying draft.
673.4111 - Refusal to pay cashier’s checks, teller’s checks, and certified checks.
673.4121 - Obligation of issuer of note or cashier’s check.
673.4131 - Obligation of acceptor.
673.4141 - Obligation of drawer.
673.4151 - Obligation of indorser.
673.4161 - Transfer warranties.
673.4171 - Presentment warranties.
673.4181 - Payment or acceptance by mistake.