Concepcion v. Tojeiro
Concepcion v. Tojeiro
Opinion of the Court
Where a note is made payable to two or more payees in the conjunctive, payment made to only one of the payees does not discharge the maker’s obligations under the note. § 673.116, Fla.Stat. (1983).
The judgment below is therefore reversed and the case remanded with directions that judgment be entered for the appellant, plaintiff below.
Reversed and remanded with directions.
. Section 673.116, Florida Statutes (1983), provides as follows:
Instruments payable to two or more persons. — An instrument payable to the order of two or more persons:
(1) If in the alternative is payable to any one of them and may be negotiated, discharged or enforced by any of them who has possession of it;
(2) If not in the alternative is payable to all of them and may be negotiated, discharged or enforced only by all of them.
Reference
- Full Case Name
- Daisy CONCEPCION v. Maximino TOJEIRO and Norma Tojeiro
- Cited By
- 1 case
- Status
- Published