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The Florida Senate

2010 Florida Statutes

F.S. 673.6041

Discharge by cancellation or renunciation.


A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument:


By an intentional voluntary act, such as:


Surrender of the instrument to the party;


Destruction, mutilation, or cancellation of the instrument;


Cancellation or striking out of the party’s signature; or


Addition of words to the instrument indicating discharge; or


By agreeing not to sue or otherwise renouncing rights against the party by a signed writing.


Cancellation or striking out of an indorsement pursuant to subsection (1) does not affect the status and rights of a party derived from the indorsement.


s. 2, ch. 92-82.