Collection of Documentary Drafts (Ss. 674.501-674.504)

  1. Law
  2. Florida Statutes
  3. Commercial Relations
  4. Uniform Commercial Code: Bank Deposits and Collections
  5. Collection of Documentary Drafts (Ss. 674.501-674.504)

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Section
674.501

Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.

Section
674.502

Presentment of “on arrival” drafts.

Section
674.503

Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.

Section
674.504

Privilege of presenting bank to deal with goods; security interest for expenses.