Sum certain
Topic: Social
From HandWiki - Reading time: 1 min
A sum certain is a specified and set amount of money owed by one person to another. It is a legal term of art, having specialized meaning in the law. Some kinds of legal claims can not be brought at all unless the sum certain can be pleaded. A document claimed to be a negotiable instrument can not be negotiated unless it is for a sum certain.[1][2]
References
- ↑ "What Does Sum Certain Mean?" (in en). https://www.investopedia.com/terms/s/sumcertain.asp.
- ↑ "Sum Certain (Contracts) Explained". https://thebusinessprofessor.com/122296-law-transactions-amp-risk-management-commercial-law-contract-payments-security-interests-amp-bankruptcy/sum-certain-definition.
External links
- "Section 3-106 - Sum Certain". New York Uniform Commercial Code Law. 15 August 2006. http://law.onecle.com/new-york/uniform-commercial-code/UCC03-106_3-106.html. Retrieved 4 January 2010.
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