Florida Statutes 725.05 – Satisfaction for less than amount due
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 725.05
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
When the amount of any debt or obligation is liquidated, the parties may satisfy the debt by a written instrument other than by endorsement on a check for less than the full amount due.