Sum certain explained

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]}

External links

• Web site: Section 3-106 - Sum Certain. 15 August 2006. New York Uniform Commercial Code Law. 4 January 2010.

Notes and References

1. Web site: What Does Sum Certain Mean? . 2016-09-25 . Investopedia . en.
2. Web site: Sum Certain (Contracts) Explained . 2016-09-25 . The Business Professor, LLC.