Discharge and effect of discharge
Known as the Uniform Commercial Code
The act spans §§ 673–673 (69 sections).
Applied in 1 court decision — leading case VFS Leasing Co. v. Markel Insurance Company (2024)
Most recently applied in VFS Leasing Co. v. Markel Insurance Company (October 2024)
History.--s. 2, ch. 92-82.
(1) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
(2) Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.