§ 674.501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 674.502 Presentment of “on arrival” drafts
§ 674.503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 674.504 Privilege of presenting bank to deal with goods; security interest for expenses

Terms Used In Florida Statutes > Chapter 674 > Part V - Collection of Documentary Drafts

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Customer: means a person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank. See Florida Statutes 674.104
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (s. See Florida Statutes 674.104
  • Draft: means a draft as defined in…. See Florida Statutes 674.104
  • Drawee: means a person ordered in a draft to make payment. See Florida Statutes 674.104
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01