Sum certain
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.
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
[edit]- ^ "What Does Sum Certain Mean?". Investopedia. Retrieved 2016-09-25.
- ^ "Sum Certain (Contracts) Explained". The Business Professor, LLC. Retrieved 2016-09-25.
External links
[edit]- "Section 3-106 - Sum Certain". New York Uniform Commercial Code Law. 15 August 2006. Retrieved 4 January 2010.