Florida Statutes - Commercial Relations

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• Florida Commercial Relations Code Section 668.001; Short title.
  This act may be cited as the "Electronic Signature Act of ...
• Florida Commercial Relations Code Section 668.002; Legislative intent.
  It is the intent of the Legislature that this act: (1) Facilitate economic development and efficient delivery of government services by means of reliable electronic ...
• Florida Commercial Relations Code Section 668.003; Definitions.
  As used in this act: (1) "Certificate" means a computer-based record which: (a) Identifies the certification authority. (b) Identifies the subscriber. (c) Contains the ...
• Florida Commercial Relations Code Section 668.004; Force and effect of electronic signature.
  Unless otherwise provided by law, an electronic signature may be used to sign a writing and shall have the same force and effect as a ...
• Florida Commercial Relations Code Section 668.006; Control procedures.
  The head of each agency shall be responsible for adopting and implementing control processes and procedures to ensure adequate integrity, security, confidentiality, and auditability of ...
• Florida Commercial Relations Code Section 668.50; Uniform Electronic Transaction Act.
  (1) SHORT TITLE.--This section may be cited as the "Uniform Electronic Transaction Act." (2) DEFINITIONS.--As used in this section: (a) "Agreement" means the ...
• Florida Commercial Relations Code Section 668.60; Short title; application.
  This part may be known by the popular name of the "Electronic Mail Communications Act." Except as otherwise provided, this part applies to unsolicited commercial ...
• Florida Commercial Relations Code Section 668.601; Legislative intent.
  This part is intended to promote the integrity of electronic commerce and shall be construed liberally in order to protect the public and legitimate businesses ...
• Florida Commercial Relations Code Section 668.602; Definitions.
  As used in this part, the term: (1) "Affirmative consent" means that the recipient of electronic mail expressly consented to receive the message either in ...
• Florida Commercial Relations Code Section 668.603; Prohibited activity.
  A person may not: (1) Initiate or assist in the transmission of an unsolicited commercial electronic mail message from a computer located in this state ...
• Florida Commercial Relations Code Section 668.604; Blocking of commercial electronic mail by interactive computer service.
  This part does not: (1) Require a provider of Internet access service to block, transmit, route, relay, handle, or store certain types of electronic mail ...
• Florida Commercial Relations Code Section 668.605; Confidentiality of intelligence or investigation information.
  This part does not contravene the provisions of s. 501.2065, which provide for maintaining the confidential status of certain ...
• Florida Commercial Relations Code Section 668.606; Civil remedies; service provider immunity.
  (1) The department may bring an action for damages or for declaratory or injunctive relief or may impose a civil penalty as provided in s. ...
• Florida Commercial Relations Code Section 668.6075; Unfair and deceptive trade practices.
  A violation of s. 668.603 shall be deemed an unfair and deceptive trade practice within the meaning of part II of chapter 501. In ...
• Florida Commercial Relations Code Section 668.6076; Public records status of e-mail addresses; agency website notice.
  Any agency, as defined in s. 119.011, or legislative entity that operates a website and uses electronic mail shall post the following statement in ...
• Florida Commercial Relations Code Section 668.608; Criminal violations.
  (1) Except as provided in subsection (2), any person who violates s. 668.603 commits a misdemeanor of the first degree, punishable as provided in ...
• Florida Commercial Relations Code Section 668.610; Cumulative remedies.
  The remedies and criminal penalties of this part are in addition to remedies and criminal penalties otherwise available for the same conduct under federal or ...
• Florida Commercial Relations Code Section 668.701; Short title.
  This part may be cited as the "Antiphishing ...
• Florida Commercial Relations Code Section 668.702; Definitions.
  As used in this part, the term: (1) "Department" means the Department of Legal Affairs. (2) "Electronic mail address" has the same meaning as provided ...
• Florida Commercial Relations Code Section 668.703; Prohibited acts.
  (1) A person with an intent to engage in conduct involving the fraudulent use or possession of another person's identifying information may not represent ...
• Florida Commercial Relations Code Section 668.704; Remedies.
  (1) The following persons may bring a civil action against a person who violates this part: (a) A person engaged in the business of providing ...
• Florida Commercial Relations Code Section 668.705; Exemptions.
  (1) This part does not apply to a telecommunications provider's or Internet service provider's good faith transmission or routing of, or intermediate temporary ...
• Florida Commercial Relations Code Section 670.101; Short title.
  This chapter may be cited as the "Uniform Commercial Code--Funds ...
• Florida Commercial Relations Code Section 670.102; Subject matter.
  Except as otherwise provided in s. 670.108, this chapter applies to funds transfers defined in s. 670....
• Florida Commercial Relations Code Section 670.103; Payment order: definitions.
  (1) In this chapter, the term: (a) "Beneficiary" means the person to be paid by the beneficiary's bank. (b) "Beneficiary's bank" means the ...
• Florida Commercial Relations Code Section 670.104; Funds transfer: definitions.
  In this chapter, the term: (1) "Funds transfer" means the series of transactions, beginning with the originator's payment order, made for the purpose of ...
• Florida Commercial Relations Code Section 670.105; Other definitions.
  (1) In this chapter, the term: (a) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a ...
• Florida Commercial Relations Code Section 670.106; Time payment order is received.
  (1) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt ...
• Florida Commercial Relations Code Section 670.107; Federal Reserve regulations and operating circulars.
  Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve banks supersede any inconsistent provision of this ...
• Florida Commercial Relations Code Section 670.108; Exclusion of consumer transactions governed by federal law.
  This chapter does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978 (Title XX, ...
• Florida Commercial Relations Code Section 670.201; Security procedure.
  "Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of: (1) Verifying that a payment order ...
• Florida Commercial Relations Code Section 670.202; Authorized and verified payment orders.
  (1) A payment order received by the receiving bank is the authorized order of the person identified as sender if that person authorized the order ...
• Florida Commercial Relations Code Section 670.203; Unenforceability of certain verified payment orders.
  (1) If an accepted payment order is not, under s. 670.202(1), an authorized order of a customer identified as sender, but is effective ...
• Florida Commercial Relations Code Section 670.204; Refund of payment and duty of customer to report with respect to unauthorized payment order.
  (1) If a receiving bank accepts a payment order issued in the name of its customer as sender which is not authorized and not effective ...
• Florida Commercial Relations Code Section 670.205; Erroneous payment orders.
  (1) If an accepted payment order was transmitted pursuant to a security procedure for the detection of error and the payment order erroneously instructed payment ...
• Florida Commercial Relations Code Section 670.206; Transmission of payment order through funds-transfer system or other communication system.
  (1) If a payment order addressed to a receiving bank is transmitted to a funds-transfer system or other third-party communication system for transmittal ...
• Florida Commercial Relations Code Section 670.207; Misdescription of beneficiary.
  (1) Subject to subsection (2), if, in a payment order received by the beneficiary's bank, the name, bank account number, or other identification of ...
• Florida Commercial Relations Code Section 670.208; Misdescription of intermediary bank or beneficiary's bank.
  (1) This subsection applies to a payment order identifying an intermediary bank or the beneficiary's bank only by an identifying number. (a) The receiving ...
• Florida Commercial Relations Code Section 670.209; Acceptance of payment order.
  (1) Subject to subsection (4), a receiving bank other than the beneficiary's bank accepts a payment order when it executes the order. (2) Subject ...
• Florida Commercial Relations Code Section 670.21; Rejection of payment order.
  (1) A payment order is rejected by the receiving bank by a notice of rejection transmitted to the sender orally, electronically, or in writing. A ...
• Florida Commercial Relations Code Section 670.211; Cancellation and amendment of payment order.
  (1) A communication of the sender of a payment order canceling or amending the order may be transmitted to the receiving bank orally, electronically, or ...
• Florida Commercial Relations Code Section 670.212; Liability and duty of receiving bank regarding unaccepted payment order.
  If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach ...
• Florida Commercial Relations Code Section 670.301; Execution and execution date.
  (1) A payment order is "executed" by the receiving bank when it issues a payment order intended to carry out the payment order received by ...
• Florida Commercial Relations Code Section 670.302; Obligations of receiving bank in execution of payment order.
  (1) Except as provided in subsections (2)-(4), if the receiving bank accepts a payment order pursuant to s. 670.209(1), the bank has ...
• Florida Commercial Relations Code Section 670.303; Erroneous execution of payment order.
  (1) A receiving bank that executes the payment order of the sender by issuing a payment order in an amount greater than the amount of ...
• Florida Commercial Relations Code Section 670.304; Duty of sender to report erroneously executed payment order.
  If the sender of a payment order that is erroneously executed as stated in s. 670.303 receives notification from the receiving bank that the ...
• Florida Commercial Relations Code Section 670.305; Liability for late or improper execution or failure to execute payment order.
  (1) If a funds transfer is completed but execution of a payment order by the receiving bank in breach of s. 670.302 results in ...
• Florida Commercial Relations Code Section 670.401; Payment date.
  "Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's ...
• Florida Commercial Relations Code Section 670.402; Obligation of sender to pay receiving bank.
  (1) This section is subject to ss. 670.205 and 670.207. (2) With respect to a payment order issued to the beneficiary's bank, ...
• Florida Commercial Relations Code Section 670.403; Payment by sender to receiving bank.
  (1) Payment of the sender's obligation under s. 670.402 to pay the receiving bank occurs as follows: (a) If the sender is a ...
• Florida Commercial Relations Code Section 670.404; Obligation of beneficiary's bank to pay and give notice to beneficiary.
  (1) Subject to ss. 670.211(5) and 670.405(4) and (5), if a beneficiary's bank accepts a payment order, the bank is ...
• Florida Commercial Relations Code Section 670.405; Payment by beneficiary's bank to beneficiary.
  (1) If the beneficiary's bank credits an account of the beneficiary of a payment order, payment of the bank's obligation under s. 670....
• Florida Commercial Relations Code Section 670.406; Payment by originator to beneficiary; discharge of underlying obligation.
  (1) Subject to ss. 670.211(5) and 670.405(4) and (5), the originator of a funds transfer pays the beneficiary of the originator'...
• Florida Commercial Relations Code Section 670.501; Variation by agreement and effect of funds-transfer system rule.
  (1) Except as otherwise provided in this chapter, the rights and obligations of a party to a funds transfer may be varied by agreement of ...
• Florida Commercial Relations Code Section 670.502; Creditor process served on receiving bank; set-off by beneficiary's bank.
  (1) As used in this section, the term "creditor process" means levy, attachment, garnishment, notice of lien, sequestration, or similar process issued by or on ...
• Florida Commercial Relations Code Section 670.503; Injunction or restraining order with respect to funds transfer.
  For proper cause and in compliance with applicable law, a court may restrain: (1) A person from issuing a payment order to initiate a funds ...
• Florida Commercial Relations Code Section 670.504; Order in which items and payment orders may be charged to account; order of withdrawals from account.
  (1) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that ...
• Florida Commercial Relations Code Section 670.505; Preclusion of objection to debit of customer's account.
  If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender ...
• Florida Commercial Relations Code Section 670.506; Rate of interest.
  (1) If, under this chapter, a receiving bank is obliged to pay interest with respect to a payment order issued to the bank, the amount ...
• Florida Commercial Relations Code Section 670.507; Choice of law.
  (1) The following rules apply unless the affected parties otherwise agree or subsection (3) applies: (a) The rights and obligations between the sender of a ...
• Florida Commercial Relations Code Section 671.101; Short title.
  Chapters 670-680 may be cited as the "Uniform Commercial ...
• Florida Commercial Relations Code Section 671.102; Purposes; rules of construction; variation by agreement.
  (1) This code shall be liberally construed and applied to promote its underlying purposes and policies. (2) Underlying purposes and policies of this code are: (...
• Florida Commercial Relations Code Section 671.103; Supplementary general principles of law applicable.
  Unless displaced by the particular provisions of this code, the principles of law and equity, including the law merchant and the law relative to capacity ...
• Florida Commercial Relations Code Section 671.104; Construction against implicit repeal.
  This code being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly ...
• Florida Commercial Relations Code Section 671.105; Territorial application of the code; parties' power to choose applicable law.
  (1) Except as provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation, the ...
• Florida Commercial Relations Code Section 671.106; Remedies to be liberally administered.
  (1) The remedies provided by this code shall be liberally administered to the end that the aggrieved party may be put in as good a ...
• Florida Commercial Relations Code Section 671.107; Waiver or renunciation of claim or right after breach.
  Any claim or right arising out of an alleged breach can be discharged in whole or in part without consideration by a written waiver or ...
• Florida Commercial Relations Code Section 671.108; Severability.
  If any provision or clause of this code or application thereof to any person or circumstances is held invalid, such invalidity shall not affect other ...
• Florida Commercial Relations Code Section 671.109; Section captions.
  Section captions are parts of this ...
• Florida Commercial Relations Code Section 671.201; General definitions.
  Subject to additional definitions contained in the subsequent chapters of this code which are applicable to specific chapters or parts thereof, and unless the context ...
• Florida Commercial Relations Code Section 671.202; Prima facie evidence by third-party documents.
  A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher's or inspector's certificate, consular ...
• Florida Commercial Relations Code Section 671.203; Obligation of good faith.
  Every contract or duty within this code imposes an obligation of good faith in its performance or ...
• Florida Commercial Relations Code Section 671.204; Time; reasonable time; "seasonably."
  (1) Whenever this code requires any action to be taken within a reasonable time, any time which is not manifestly unreasonable may be fixed by ...
• Florida Commercial Relations Code Section 671.205; Course of dealing and usage of trade.
  (1) A "course of dealing" is a sequence of previous conduct between the parties to a particular transaction which is fairly to be regarded as ...
• Florida Commercial Relations Code Section 671.206; Statute of frauds for kinds of personal property not otherwise covered.
  (1) Except in the cases described in subsection (2) of this section a contract for the sale of personal property is not enforceable by way ...
• Florida Commercial Relations Code Section 671.207; Performance or acceptance under reservation of rights.
  (1) A party who, with explicit reservation of rights, performs or promises performance or assents to performance in a manner demanded or offered by the ...
• Florida Commercial Relations Code Section 671.208; Option to accelerate at will.
  A term providing that one party or the party's successor in interest may accelerate payment or performance or require collateral or additional collateral "at ...
• Florida Commercial Relations Code Section 671.301; Effective date; provision for transition; preservation of old transition provision.
  (1) This act shall take effect at 12:01 a.m. on January 1, 1980. (2) Transactions validly entered into after January 1, 1967, and ...
• Florida Commercial Relations Code Section 671.304; Laws not repealed; precedence where code provisions in conflict with other laws; certain statutory remedies retained.
  (1) The article on documents of title (Art. 7) does not repeal or modify any laws prescribing the form or contents of documents of title ...
• Florida Commercial Relations Code Section 671.308; Transition provisions on place of filing.
  (1) A financing statement or continuation statement filed prior to the effective date of this act which shall not have lapsed prior to the effective ...
• Florida Commercial Relations Code Section 671.309; Required refilings.
  (1) If a security interest is perfected or has priority when this act takes effect as to all persons or as to certain persons without ...
• Florida Commercial Relations Code Section 671.31; Transition provisions as to priorities.
  Except as otherwise provided in this part, chapter 65-254, Laws of Florida, as amended, shall apply to any questions of priority if the positions ...
• Florida Commercial Relations Code Section 671.311; Presumption that rule of law continues unchanged.
  Unless a change in law has clearly been made, the provisions of chapter 79-398, Laws of Florida, shall be deemed declaratory of the meaning ...
• Florida Commercial Relations Code Section 672.101; Short title.
  Chapter 672 shall be known and may be cited as the "Uniform Commercial Code--...
• Florida Commercial Relations Code Section 672.102; Scope; certain security and other transactions excluded from this chapter.
  Unless the context otherwise requires, this chapter applies to transactions in goods; it does not apply to any transaction which although in the form of ...
• Florida Commercial Relations Code Section 672.103; Definitions and index of definitions.
  (1) In this chapter unless the context otherwise requires: (a) "Buyer" means a person who buys or contracts to buy goods. (b) "Good faith" in ...
• Florida Commercial Relations Code Section 672.104; Definitions: "merchant"; "between merchants"; "financing agency."
  (1) "Merchant" means a person who deals in goods of the kind or otherwise by occupation holds himself or herself out as having knowledge or ...
• Florida Commercial Relations Code Section 672.105; Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit."
  (1) "Goods" means all things (including specially manufactured goods) which are movable at the time of identification to the contract for sale other than the ...
• Florida Commercial Relations Code Section 672.106; Definitions: "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation."
  (1) In this chapter unless the context otherwise requires "contract" and "agreement" are limited to those relating to the present or future sale of goods. "...
• Florida Commercial Relations Code Section 672.107; Goods to be severed from realty; recording.
  (1) A contract for the sale of minerals or the like (including oil and gas) or a structure or its materials to be removed from ...
• Florida Commercial Relations Code Section 672.201; Formal requirements; statute of frauds.
  (1) Except as otherwise provided in this section a contract for the sale of goods for the price of $500 or more is not enforceable ...
• Florida Commercial Relations Code Section 672.202; Final written expression; parol or extrinsic evidence.
  Terms with respect to which the confirmatory memoranda of the parties agree or which are otherwise set forth in a writing intended by the parties ...
• Florida Commercial Relations Code Section 672.203; Seals inoperative.
  The affixing of a seal to a writing evidencing a contract for sale or an offer to buy or sell goods does not constitute the ...
• Florida Commercial Relations Code Section 672.204; Formation in general.
  (1) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the ...
• Florida Commercial Relations Code Section 672.205; Firm offers.
  An offer by a merchant to buy or sell goods in a signed writing which by its terms gives assurance that it will be held ...
• Florida Commercial Relations Code Section 672.206; Offer and acceptance in formation of contract.
  (1) Unless otherwise unambiguously indicated by the language or circumstances: (a) An offer to make a contract shall be construed as inviting acceptance in any ...
• Florida Commercial Relations Code Section 672.207; Additional terms in acceptance or confirmation.
  (1) A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though ...
• Florida Commercial Relations Code Section 672.208; Course of performance or practical construction.
  (1) Where the contract for sale involves repeated occasions for performance by either party with knowledge of the nature of the performance and opportunity for ...
• Florida Commercial Relations Code Section 672.209; Modification, rescission, and waiver.
  (1) An agreement modifying a contract within this chapter needs no consideration to be binding. (2) A signed agreement which excludes modification or rescission except ...
• Florida Commercial Relations Code Section 672.210; Delegation of performance; assignment of rights.
  (1) A party may perform her or his duty through a delegate unless otherwise agreed or unless the other party has a substantial interest in ...
• Florida Commercial Relations Code Section 672.301; General obligations of parties.
  The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the ...
• Florida Commercial Relations Code Section 672.302; Unconscionable contract or clause.
  (1) If the court as a matter of law finds the contract or any clause of the contract to have been unconscionable at the time ...
• Florida Commercial Relations Code Section 672.303; Allocation or division of risks.
  Where this chapter allocates a risk or a burden as between the parties "unless otherwise agreed," the agreement may not only shift the allocation but ...
• Florida Commercial Relations Code Section 672.304; Price payable in money, goods, realty, or otherwise.
  (1) The price can be made payable in money or otherwise. If it is payable in whole or in part in goods each party is ...
• Florida Commercial Relations Code Section 672.305; Open price term.
  (1) The parties if they so intend can conclude a contract for sale even though the price is not settled. In such a case the ...
• Florida Commercial Relations Code Section 672.306; Output, requirements, and exclusive dealings.
  (1) A term which measures the quantity by the output of the seller or the requirements of the buyer means such actual output or requirements ...
• Florida Commercial Relations Code Section 672.307; Delivery in single lot or several lots.
  Unless otherwise agreed all goods called for by a contract for sale must be tendered in a single delivery and payment is due only on ...
• Florida Commercial Relations Code Section 672.308; Absence of specified place for delivery.
  Unless otherwise agreed: (1) The place for delivery of goods is the seller's place of business or if the seller has none his or ...
• Florida Commercial Relations Code Section 672.309; Absence of specific time provisions; notice of termination.
  (1) The time for shipment or delivery or any other action under a contract if not provided in this chapter or agreed upon shall be ...
• Florida Commercial Relations Code Section 672.310; Open time for payment or running of credit; authority to ship under reservation.
  Unless otherwise agreed: (1) Payment is due at the time and place at which the buyer is to receive the goods even though the place ...
• Florida Commercial Relations Code Section 672.311; Options and cooperation respecting performance.
  (1) An agreement for sale which is otherwise sufficiently definite (s. 672.204(3)) to be a contract is not made invalid by the fact ...
• Florida Commercial Relations Code Section 672.312; Warranty of title and against infringement; buyer's obligation against infringement.
  (1) Subject to subsection (2) there is in a contract for sale a warranty by the seller that: (a) The title conveyed shall be good, ...
• Florida Commercial Relations Code Section 672.313; Express warranties by affirmation, promise, description, sample.
  (1) Express warranties by the seller are created as follows: (a) Any affirmation of fact or promise made by the seller to the buyer which ...
• Florida Commercial Relations Code Section 672.314; Implied warranty; merchantability; usage of trade.
  (1) Unless excluded or modified (s. 672.316), a warranty that the goods shall be merchantable is implied in a contract for their sale if ...
• Florida Commercial Relations Code Section 672.315; Implied warranty; fitness for particular purpose.
  Where the seller at the time of contracting has reason to know any particular purpose for which the goods are required and that the buyer ...
• Florida Commercial Relations Code Section 672.316; Exclusion or modification of warranties.
  (1) Words or conduct relevant to the creation of an express warranty and words or conduct tending to negate or limit warranty shall be construed ...
• Florida Commercial Relations Code Section 672.317; Cumulation and conflict of warranties express or implied.
  Warranties whether express or implied shall be construed as consistent with each other and as cumulative, but if such construction is unreasonable the intention of ...
• Florida Commercial Relations Code Section 672.318; Third-party beneficiaries of warranties express or implied.
  A seller's warranty whether express or implied extends to any natural person who is in the family or household of his or her buyer, ...
• Florida Commercial Relations Code Section 672.319; "F.O.B." and "F.A.S." terms.
  (1) Unless otherwise agreed the term "F.O.B." (which means "free on board") at a named place, even though used only in connection with ...
• Florida Commercial Relations Code Section 672.320; "C.I.F." and "C. & F." terms.
  (1) The term "C.I.F." means that the price includes in a lump sum the cost of the goods and the insurance and freight ...
• Florida Commercial Relations Code Section 672.321; C.I.F. or C. & F.; "net landed weights"; "payment on arrival"; warranty of condition on arrival.
  Under a contract containing a term C.I.F. or C. & F.: (1) Where the price is based on or is to be adjusted ...
• Florida Commercial Relations Code Section 672.322; Delivery "ex-ship."
  (1) Unless otherwise agreed a term for delivery of goods "ex-ship" (which means from the carrying vessel) or in equivalent language is not restricted ...
• Florida Commercial Relations Code Section 672.323; Form of bill of lading required in overseas shipment; "overseas."
  (1) Where the contract contemplates overseas shipment and contains a term "C.I.F." or "C. & F. or F.O.B. vessel," the seller ...
• Florida Commercial Relations Code Section 672.324; "No arrival, no sale" term.
  Under a term "no arrival, no sale" or terms of like meaning, unless otherwise agreed: (1) The seller must properly ship conforming goods and if ...
• Florida Commercial Relations Code Section 672.325; "Letter of credit" term; "confirmed credit."
  (1) Failure of the buyer seasonably to furnish an agreed letter of credit is a breach of the contract for sale. (2) The delivery to ...
• Florida Commercial Relations Code Section 672.326; Sale on approval and sale or return; rights of creditors.
  (1) Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is: (a) A "...
• Florida Commercial Relations Code Section 672.327; Special incidents of sale on approval and sale or return.
  (1) Under a sale on approval unless otherwise agreed: (a) Although the goods are identified to the contract the risk of loss and the title ...
• Florida Commercial Relations Code Section 672.328; Sale by auction.
  (1) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. (2) A sale ...
• Florida Commercial Relations Code Section 672.401; Passing of title; reservation for security; limited application of this section.
  Each provision of this chapter with regard to the rights, obligations and remedies of the seller, the buyer, purchasers or other third parties applies irrespective ...
• Florida Commercial Relations Code Section 672.402; Rights of seller's creditors against sold goods.
  (1) Except as provided in subsections (2) and (3), rights of unsecured creditors of the seller with respect to goods which have been identified to ...
• Florida Commercial Relations Code Section 672.403; Power to transfer; good faith purchase of goods; "entrusting."
  (1) A purchaser of goods acquires all title which her or his transferor had or had power to transfer except that a purchaser of a ...
• Florida Commercial Relations Code Section 672.501; Insurable interest in goods; manner of identification of goods.
  (1) The buyer obtains a special property and an insurable interest in goods by identification of existing goods as goods to which the contract refers ...
• Florida Commercial Relations Code Section 672.502; Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency.
  (1) Subject to subsections (2) and (3), and even though the goods have not been shipped, a buyer who has paid a part or all ...
• Florida Commercial Relations Code Section 672.503; Manner of seller's tender of delivery.
  (1) Tender of delivery requires that the seller put and hold conforming goods at the buyer's disposition and give the buyer any notification reasonably ...
• Florida Commercial Relations Code Section 672.504; Shipment by seller.
  Where the seller is required or authorized to send the goods to the buyer and the contract does not require her or him to deliver ...
• Florida Commercial Relations Code Section 672.505; Seller's shipment under reservation.
  (1) Where the seller has identified goods to the contract by or before shipment: (a) The seller's procurement of a negotiable bill of lading ...
• Florida Commercial Relations Code Section 672.506; Rights of financing agency.
  (1) A financing agency by paying or purchasing for value a draft which relates to a shipment of goods acquires to the extent of the ...
• Florida Commercial Relations Code Section 672.507; Effect of seller's tender; delivery on condition.
  (1) Tender of delivery is a condition to the buyer's duty to accept the goods and, unless otherwise agreed, to the buyer's duty ...
• Florida Commercial Relations Code Section 672.508; Cure by seller of improper tender or delivery; replacement.
  (1) Where any tender or delivery by the seller is rejected because nonconforming and the time for performance has not yet expired, the seller may ...
• Florida Commercial Relations Code Section 672.509; Risk of loss in the absence of breach.
  (1) Where the contract requires or authorizes the seller to ship the goods by carrier: (a) If it does not require her or him to ...
• Florida Commercial Relations Code Section 672.510; Effect of breach on risk of loss.
  (1) Where a tender or delivery of goods so fails to conform to the contract as to give a right of rejection the risk of ...
• Florida Commercial Relations Code Section 672.511; Tender of payment by buyer; payment by check.
  (1) Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery. (2) Tender of payment ...
• Florida Commercial Relations Code Section 672.512; Payment by buyer before inspection.
  (1) Where the contract requires payment before inspection nonconformity of the goods does not excuse the buyer from so making payment unless: (a) The nonconformity ...
• Florida Commercial Relations Code Section 672.513; Buyer's right to inspection of goods.
  (1) Unless otherwise agreed and subject to subsection (3), where goods are tendered or delivered or identified to the contract for sale, the buyer has ...
• Florida Commercial Relations Code Section 672.514; When documents deliverable on acceptance; when on payment.
  Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is ...
• Florida Commercial Relations Code Section 672.515; Preserving evidence of goods in dispute.
  In furtherance of the adjustment of any claim or dispute: (1) Either party on reasonable notification to the other and for the purpose of ascertaining ...
• Florida Commercial Relations Code Section 672.601; Buyer's rights on improper delivery.
  Subject to the provisions of this chapter on breach in installment contracts (s. 672.612) and unless otherwise agreed under the sections on contractual limitations ...
• Florida Commercial Relations Code Section 672.602; Manner and effect of rightful rejection.
  (1) Rejection of goods must be within a reasonable time after their delivery or tender. It is ineffective unless the buyer seasonably notifies the seller. (...
• Florida Commercial Relations Code Section 672.603; Merchant buyer's duties as to rightfully rejected goods.
  (1) Subject to any security interest in the buyer (s. 672.711(3)) when the seller has no agent or place of business at the ...
• Florida Commercial Relations Code Section 672.604; Buyer's options as to salvage of rightfully rejected goods.
  Subject to the provisions of the immediately preceding section on perishables if the seller gives no instructions within a reasonable time after notification of rejection ...
• Florida Commercial Relations Code Section 672.605; Waiver of buyer's objections by failure to particularize.
  (1) The buyer's failure to state in connection with rejection a particular defect which is ascertainable by reasonable inspection precludes the buyer from relying ...
• Florida Commercial Relations Code Section 672.606; What constitutes acceptance of goods.
  (1) Acceptance of goods occurs when the buyer: (a) After a reasonable opportunity to inspect the goods signifies to the seller that the goods are ...
• Florida Commercial Relations Code Section 672.607; Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over.
  (1) The buyer must pay at the contract rate for any goods accepted. (2) Acceptance of goods by the buyer precludes rejection of the goods ...
• Florida Commercial Relations Code Section 672.608; Revocation of acceptance in whole or in part.
  (1) The buyer may revoke her or his acceptance of a lot or commercial unit whose nonconformity substantially impairs its value to her or him ...
• Florida Commercial Relations Code Section 672.609; Right to adequate assurance of performance.
  (1) A contract for sale imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. When ...
• Florida Commercial Relations Code Section 672.610; Anticipatory repudiation.
  When either party repudiates the contract with respect to a performance not yet due the loss of which will substantially impair the value of the ...
• Florida Commercial Relations Code Section 672.611; Retraction of anticipatory repudiation.
  (1) Until the repudiating party's next performance is due he or she can retract his or her repudiation unless the aggrieved party has since ...
• Florida Commercial Relations Code Section 672.612; "Installment contract"; breach.
  (1) An "installment contract" is one which requires or authorizes the delivery of goods in separate lots to be separately accepted, even though the contract ...
• Florida Commercial Relations Code Section 672.613; Casualty to identified goods.
  Where the contract requires for its performance goods identified when the contract is made, and the goods suffer casualty without fault of either party before ...
• Florida Commercial Relations Code Section 672.614; Substituted performance.
  (1) Where without fault of either party the agreed berthing, loading, or unloading facilities fail or an agreed type of carrier becomes unavailable or the ...
• Florida Commercial Relations Code Section 672.615; Excuse by failure of presupposed conditions.
  Except so far as a seller may have assumed a greater obligation and subject to the preceding section on substituted performance: (1) Delay in delivery ...
• Florida Commercial Relations Code Section 672.616; Procedure on notice claiming excuse.
  (1) Where the buyer receives notification of a material or indefinite delay or an allocation justified under the preceding section he or she may by ...
• Florida Commercial Relations Code Section 672.701; Remedies for breach of collateral contracts not impaired.
  Remedies for breach of any obligation or promise collateral or ancillary to a contract for sale are not impaired by the provisions of this ...
• Florida Commercial Relations Code Section 672.702; Seller's remedies on discovery of buyer's insolvency.
  (1) Where the seller discovers the buyer to be insolvent the seller may refuse delivery except for cash including payment for all goods theretofore delivered ...
• Florida Commercial Relations Code Section 672.703; Seller's remedies in general.
  Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect ...
• Florida Commercial Relations Code Section 672.704; Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods.
  (1) An aggrieved seller under the preceding section may: (a) Identify to the contract conforming goods not already identified if at the time the seller ...
• Florida Commercial Relations Code Section 672.705; Seller's stoppage of delivery in transit or otherwise.
  (1) The seller may stop delivery of goods in the possession of a carrier or other bailee when he or she discovers the buyer to ...
• Florida Commercial Relations Code Section 672.706; Seller's resale including contract for resale.
  (1) Under the conditions stated in s. 672.703 on seller's remedies, the seller may resell the goods concerned or the undelivered balance thereof. ...
• Florida Commercial Relations Code Section 672.707; "Person in the position of a seller."
  (1) A "person in the position of a seller" includes as against a principal an agent who has paid or become responsible for the price ...
• Florida Commercial Relations Code Section 672.708; Seller's damages for nonacceptance or repudiation.
  (1) Subject to subsection (2) and to the provisions of this chapter with respect to proof of market price (s. 672.723), the measure of ...
• Florida Commercial Relations Code Section 672.709; Action for the price.
  (1) When the buyer fails to pay the price as it becomes due the seller may recover, together with any incidental damages under the next ...
• Florida Commercial Relations Code Section 672.710; Seller's incidental damages.
  Incidental damages to an aggrieved seller include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of ...
• Florida Commercial Relations Code Section 672.711; Buyer's remedies in general; buyer's security interest in rejected goods.
  (1) Where the seller fails to make delivery or repudiates or the buyer rightfully rejects or justifiably revokes acceptance then with respect to any goods ...
• Florida Commercial Relations Code Section 672.712; "Cover"; buyer's procurement of substitute goods.
  (1) After a breach within the preceding section the buyer may "cover" by making in good faith and without unreasonable delay any reasonable purchase of ...
• Florida Commercial Relations Code Section 672.713; Buyer's damages for nondelivery or repudiation.
  (1) Subject to the provisions of this chapter with respect to proof of market price (s. 672.723), the measure of damages for nondelivery or ...
• Florida Commercial Relations Code Section 672.714; Buyer's damages for breach in regard to accepted goods.
  (1) Where the buyer has accepted goods and given notification (s. 672.607(3)) he or she may recover as damages for any nonconformity of ...
• Florida Commercial Relations Code Section 672.715; Buyer's incidental and consequential damages.
  (1) Incidental damages resulting from the seller's breach include expenses reasonably incurred in inspection, receipt, transportation and care and custody of goods rightfully rejected, ...
• Florida Commercial Relations Code Section 672.716; Buyer's right to specific performance or replevin.
  (1) Specific performance may be decreed where the goods are unique or in other proper circumstances. (2) The decree for specific performance may include such ...
• Florida Commercial Relations Code Section 672.717; Deduction of damages from the price.
  The buyer on notifying the seller of her or his intention to do so may deduct all or any part of the damages resulting from ...
• Florida Commercial Relations Code Section 672.718; Liquidation or limitation of damages; deposits.
  (1) Damages for breach by either party may be liquidated in the agreement but only at an amount which is reasonable in the light of ...
• Florida Commercial Relations Code Section 672.719; Contractual modification or limitation of remedy.
  (1) Subject to the provisions of subsections (2) and (3) of this section and of the preceding section on liquidation and limitation of damages: (a) ...
• Florida Commercial Relations Code Section 672.720; Effect of "cancellation" or "rescission" on claims for antecedent breach.
  Unless the contrary intention clearly appears, expressions of "cancellation" or "rescission" of the contract or the like shall not be construed as a renunciation or ...
• Florida Commercial Relations Code Section 672.721; Remedies for fraud.
  Remedies for material misrepresentation or fraud include all remedies available under this chapter for nonfraudulent breach. Neither rescission or a claim for rescission of the ...
• Florida Commercial Relations Code Section 672.722; Who can sue third parties for injury to goods.
  Where a third party so deals with goods which have been identified to a contract for sale as to cause actionable injury to a party ...
• Florida Commercial Relations Code Section 672.723; Proof of market price; time and place.
  (1) If an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, ...
• Florida Commercial Relations Code Section 672.724; Admissibility of market quotations.
  Whenever the prevailing price or value of any goods regularly bought and sold in any established commodity market is in issue, reports in official publications ...
• Florida Commercial Relations Code Section 673.1011; Short title.
  This chapter may be cited as the "Uniform Commercial Code--Negotiable ...
• Florida Commercial Relations Code Section 673.1021; Subject matter.
  (1) This chapter applies to negotiable instruments. It does not apply to money, to payment orders governed by chapter 670, or to securities governed by ...
• Florida Commercial Relations Code Section 673.1031; Definitions.
  (1) In this chapter, the term: (a) "Acceptor" means a drawee who has accepted a draft. (b) "Drawee" means a person ordered in a draft ...
• Florida Commercial Relations Code Section 673.1041; Negotiable instrument.
  (1) Except as provided in subsections (3), (4), and (11), the term "negotiable instrument" means an unconditional promise or order to pay a fixed amount ...
• Florida Commercial Relations Code Section 673.1051; Issue of instrument.
  (1) The term "issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose ...
• Florida Commercial Relations Code Section 673.1061; Unconditional promise or order.
  (1) Except as provided in this section, for the purposes of s. 673.1041(1), a promise or order is unconditional unless it states: (a) ...
• Florida Commercial Relations Code Section 673.1071; Instrument payable in foreign money.
  Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an ...
• Florida Commercial Relations Code Section 673.1081; Payable on demand or at definite time.
  (1) A promise or order is "payable on demand" if it: (a) States that it is payable on demand or at sight, or otherwise indicates ...
• Florida Commercial Relations Code Section 673.1091; Payable to bearer or to order.
  (1) A promise or order is "payable to bearer" if it: (a) States that it is payable to bearer or to the order of bearer ...
• Florida Commercial Relations Code Section 673.1101; Identification of person to whom instrument is payable.
  (1) The person to whom an instrument is initially payable is determined by the intent of the person, whether or not authorized, signing as, or ...
• Florida Commercial Relations Code Section 673.1111; Place of payment.
  Except as otherwise provided for items in chapter 674, an instrument is payable at the place of payment stated in the instrument. If no place ...
• Florida Commercial Relations Code Section 673.1121; Interest.
  (1) Unless otherwise provided in the instrument: (a) An instrument is not payable with interest; and (b) Interest on an interest-bearing instrument is payable ...
• Florida Commercial Relations Code Section 673.1131; Date of instrument.
  (1) An instrument may be antedated or postdated. The date stated determines the time of payment if the instrument is payable at a fixed period ...
• Florida Commercial Relations Code Section 673.1141; Contradictory terms of instrument.
  If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over ...
• Florida Commercial Relations Code Section 673.1151; Incomplete instrument.
  (1) The term "incomplete instrument" means a signed writing, whether or not issued by the signer, the contents of which show at the time of ...
• Florida Commercial Relations Code Section 673.1161; Joint and several liability; contribution.
  (1) Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers ...
• Florida Commercial Relations Code Section 673.1171; Other agreements affecting instrument.
  Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument ...
• Florida Commercial Relations Code Section 673.1181; Statute of limitations.
  Chapter 95 governs when an action to enforce an obligation, duty, or right arising under this chapter must be ...
• Florida Commercial Relations Code Section 673.1191; Notice of right to defend action.
  In an action for breach of an obligation for which a third person is answerable over pursuant to this chapter or chapter 674, the defendant ...
• Florida Commercial Relations Code Section 673.2011; Negotiation.
  (1) The term "negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a ...
• Florida Commercial Relations Code Section 673.2021; Negotiation subject to rescission.
  (1) Negotiation is effective even if obtained: (a) From an infant, a corporation exceeding its powers, or a person without capacity; (b) By fraud, duress, ...
• Florida Commercial Relations Code Section 673.2031; Transfer of instrument; rights acquired by transfer.
  (1) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving ...
• Florida Commercial Relations Code Section 673.2041; Indorsement.
  (1) The term "indorsement" means a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words ...
• Florida Commercial Relations Code Section 673.2051; Special indorsement; blank indorsement; anomalous indorsement.
  (1) If an indorsement is made by the holder of an instrument, whether payable to an identified person or payable to bearer, and the indorsement ...
• Florida Commercial Relations Code Section 673.2061; Restrictive indorsement.
  (1) An indorsement limiting payment to a particular person or otherwise prohibiting further transfer or negotiation of the instrument is not effective to prevent further ...
• Florida Commercial Relations Code Section 673.2071; Reacquisition.
  Reacquisition of an instrument occurs if it is transferred to a former holder, by negotiation or otherwise. A former holder who reacquires the instrument may ...
• Florida Commercial Relations Code Section 673.3011; Person entitled to enforce instrument.
  The term "person entitled to enforce" an instrument means: (1) The holder of the instrument; (2) A nonholder in possession of the instrument who has ...
• Florida Commercial Relations Code Section 673.3021; Holder in due course.
  (1) Subject to subsection (3) and s. 673.1061(4), the term "holder in due course" means the holder of an instrument if: (a) The ...
• Florida Commercial Relations Code Section 673.3031; Value and consideration.
  (1) An instrument is issued or transferred for value if: (a) The instrument is issued or transferred for a promise of performance, to the extent ...
• Florida Commercial Relations Code Section 673.3041; Overdue instrument.
  (1) An instrument payable on demand becomes overdue at the earliest of the following times: (a) On the day after the day demand for payment ...
• Florida Commercial Relations Code Section 673.3051; Defenses and claims in recoupment.
  (1) Except as stated in subsection (2), the right to enforce the obligation of a party to pay an instrument is subject to: (a) A ...
• Florida Commercial Relations Code Section 673.3061; Claims to an instrument.
  A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property ...
• Florida Commercial Relations Code Section 673.3071; Notice of breach of fiduciary duty.
  (1) In this section, the term: (a) "Fiduciary" means an agent, trustee, partner, corporate officer or director, or other representative owing a fiduciary duty with ...
• Florida Commercial Relations Code Section 673.3081; Proof of signatures and status as holder in due course.
  (1) In an action with respect to an instrument, the authenticity of, and authority to make, each signature on the instrument is admitted unless specifically ...
• Florida Commercial Relations Code Section 673.3091; Enforcement of lost, destroyed, or stolen instrument.
  (1) A person not in possession of an instrument is entitled to enforce the instrument if: (a) The person seeking to enforce the instrument was ...
• Florida Commercial Relations Code Section 673.3101; Effect of instrument on obligation for which taken.
  (1) Unless otherwise agreed, if a certified check, cashier's check, or teller's check is taken for an obligation, the obligation is discharged to ...
• Florida Commercial Relations Code Section 673.3111; Accord and satisfaction by use of instrument.
  (1) If a person against whom a claim is asserted proves that that person in good faith tendered an instrument to the claimant as full ...
• Florida Commercial Relations Code Section 673.3121; Lost, destroyed, or stolen cashier's check, teller's check, or certified check.
  (1) In this section, the term: (a) "Check" means a cashier's check, teller's check, or certified check. (b) "Claimant" means a person who ...
• Florida Commercial Relations Code Section 673.4011; Signature.
  (1) A person is not liable on an instrument unless: (a) The person signed the instrument; or (b) The person is represented by an agent ...
• Florida Commercial Relations Code Section 673.4021; Signature by representative.
  (1) If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or ...
• Florida Commercial Relations Code Section 673.4031; Unauthorized signature.
  (1) Unless otherwise provided in this chapter or chapter 674, an unauthorized signature is ineffective except as the signature of the unauthorized signer in favor ...
• Florida Commercial Relations Code Section 673.4041; Impostors; fictitious payees.
  (1) If an impostor, by use of the mails or otherwise, induces the issuer of an instrument to issue the instrument to the impostor, or ...
• Florida Commercial Relations Code Section 673.4051; Employer's responsibility for fraudulent indorsement by employee.
  (1) In this section, the term: (a) "Employee" includes an independent contractor retained by the employer and also includes an employee of an independent contractor ...
• Florida Commercial Relations Code Section 673.4061; Negligence contributing to forged signature or alteration of instrument.
  (1) A person whose failure to exercise ordinary care substantially contributes to an alteration of an instrument or to the making of a forged signature ...
• Florida Commercial Relations Code Section 673.4071; Alteration.
  (1) The term "alteration" means: (a) An unauthorized change in an instrument which change purports to modify in any respect the obligation of a party; ...
• Florida Commercial Relations Code Section 673.4081; Drawee not liable on unaccepted draft.
  A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee which are available for ...
• Florida Commercial Relations Code Section 673.4091; Acceptance of draft; certified check.
  (1) The term "acceptance" means the drawee's signed agreement to pay a draft as presented. Acceptance must be written on the draft and may ...
• Florida Commercial Relations Code Section 673.4101; Acceptance varying draft.
  (1) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and ...
• Florida Commercial Relations Code Section 673.4111; Refusal to pay cashier's checks, teller's checks, and certified checks.
  (1) In this section, the term "obligated bank" means: (a) The acceptor of a certified check; or (b) The issuer of a cashier's check ...
• Florida Commercial Relations Code Section 673.4121; Obligation of issuer of note or cashier's check.
  The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument: (1) According to ...
• Florida Commercial Relations Code Section 673.4131; Obligation of acceptor.
  (1) The acceptor of a draft is obliged to pay the draft: (a) According to its terms at the time it was accepted, even though ...
• Florida Commercial Relations Code Section 673.4141; Obligation of drawer.
  (1) This section does not apply to cashier's checks or other drafts drawn on the drawer. (2) If an unaccepted draft is dishonored, the ...
• Florida Commercial Relations Code Section 673.4151; Obligation of indorser.
  (1) Subject to subsections (2), (3), and (4) and to s. 673.4191(4), if an instrument is dishonored, an indorser is obliged to pay ...
• Florida Commercial Relations Code Section 673.4161; Transfer warranties.
  (1) A person who transfers an instrument for consideration warrants to the transferee and, if the transfer is by indorsement, to any subsequent transferee that: (...
• Florida Commercial Relations Code Section 673.4171; Presentment warranties.
  (1) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person obtaining ...
• Florida Commercial Relations Code Section 673.4181; Payment or acceptance by mistake.
  (1) Except as provided in subsection (3), if the drawee of a draft pays or accepts the draft and the drawee acted on the mistaken ...
• Florida Commercial Relations Code Section 673.4191; Instruments signed for accommodation.
  (1) If an instrument is issued for value given for the benefit of a party to the instrument ("accommodated party") and another party to the ...
• Florida Commercial Relations Code Section 673.4201; Conversion of instrument.
  (1) The law applicable to conversion of personal property applies to instruments. An instrument is also converted if it is taken by transfer, other than ...
• Florida Commercial Relations Code Section 673.5011; Presentment.
  (1) The term "presentment" means a demand made by or on behalf of a person entitled to enforce an instrument: (a) To pay the instrument ...
• Florida Commercial Relations Code Section 673.5021; Dishonor.
  (1) Dishonor of a note is governed by the following rules: (a) If the note is payable on demand, the note is dishonored if presentment ...
• Florida Commercial Relations Code Section 673.5031; Notice of dishonor.
  (1) The obligation of an indorser stated in s. 673.4151(1) and the obligation of a drawer stated in s. 673.4141(4) may ...
• Florida Commercial Relations Code Section 673.5041; Excused presentment and notice of dishonor.
  (1) Presentment for payment or acceptance of an instrument is excused if: (a) The person entitled to present the instrument cannot with reasonable diligence make ...
• Florida Commercial Relations Code Section 673.5051; Evidence of dishonor.
  (1) The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: (a) A document regular in ...
• Florida Commercial Relations Code Section 673.6011; Discharge and effect of discharge.
  (1) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the ...
• Florida Commercial Relations Code Section 673.6021; Payment.
  (1) Subject to subsection (2), an instrument is paid to the extent payment is made by or on behalf of a party obliged to pay ...
• Florida Commercial Relations Code Section 673.6031; Tender of payment.
  (1) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of ...
• Florida Commercial Relations Code Section 673.6041; Discharge by cancellation or renunciation.
  (1) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument: (a) By ...
• Florida Commercial Relations Code Section 673.6051; Discharge of indorsers and accommodation parties.
  (1) In this section, the term "indorser" includes a drawer having the obligation described in s. 673.4141(4). (2) Discharge, under s. 673.6041, ...
• Florida Commercial Relations Code Section 674.101; Short title.
  This chapter may be cited as the "Uniform Commercial Code--Bank Deposits and ...
• Florida Commercial Relations Code Section 674.102; Applicability.
  (1) To the extent that items within this chapter are also within chapters 673 and 678, they are subject to those chapters. If there is ...
• Florida Commercial Relations Code Section 674.103; Variation by agreement; measure of damages; action constituting ordinary care.
  (1) The effect of the provisions of this chapter may be varied by agreement, but the parties to the agreement cannot disclaim a bank's ...
• Florida Commercial Relations Code Section 674.104; Definitions and index of definitions.
  (1) In this chapter, unless the context otherwise requires, the term: (a) "Account" means any deposit or credit account with a bank, including a demand, ...
• Florida Commercial Relations Code Section 674.105; "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank".
  In this chapter, the term: (1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit ...
• Florida Commercial Relations Code Section 674.1061; Payable through or payable at bank; collecting bank.
  (1) If an item states that it is "payable through" a bank identified in the item: (a) The item designates the bank as a collecting ...
• Florida Commercial Relations Code Section 674.1071; Separate office of bank.
  A branch or separate office of a bank is a separate bank for the purpose of computing the time within which, and determining the place ...
• Florida Commercial Relations Code Section 674.1081; Time of receipt of items.
  (1) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for ...
• Florida Commercial Relations Code Section 674.1091; Delays.
  (1) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than ...
• Florida Commercial Relations Code Section 674.1101; Electronic presentment.
  (1) The term "agreement for electronic presentment" means an agreement, clearinghouse rule, or Federal Reserve regulation or operating circular, providing that presentment of an item ...
• Florida Commercial Relations Code Section 674.111; Statute of limitations.
  Chapter 95 governs when an action to enforce an obligation, duty, or right arising under this chapter must be ...
• Florida Commercial Relations Code Section 674.201; Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed "pay any bank."
  (1) Unless a contrary intent clearly appears and before the time that a settlement given by a collecting bank for an item is or becomes ...
• Florida Commercial Relations Code Section 674.202; Responsibility for collection or return; when action timely.
  (1) A collecting bank must exercise ordinary care in: (a) Presenting an item or sending it for presentment; (b) Sending notice of dishonor or nonpayment ...
• Florida Commercial Relations Code Section 674.203; Effect of instructions.
  Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), only a collecting bank's transferor can give ...
• Florida Commercial Relations Code Section 674.204; Methods of sending and presenting; sending directly to payor bank.
  (1) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of ...
• Florida Commercial Relations Code Section 674.205; Depositary bank holder of unindorsed item.
  If a customer delivers an item to a depositary bank for collection: (1) The depositary bank becomes a holder of the item at the time ...
• Florida Commercial Relations Code Section 674.206; Transfer between banks.
  Any agreed method that identifies the transferor bank is sufficient for the item's further transfer to another ...
• Florida Commercial Relations Code Section 674.207; Transfer warranties.
  (1) A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any subsequent ...
• Florida Commercial Relations Code Section 674.2081; Presentment warranties.
  (1) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person obtaining ...
• Florida Commercial Relations Code Section 674.2091; Encoding and retention warranties.
  (1) A person who encodes information on or with respect to an item after issue warrants to any subsequent collecting bank and to the payor ...
• Florida Commercial Relations Code Section 674.2101; Security interest of collecting bank in items, accompanying documents, and proceeds.
  (1) A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either: (a) In case of an ...
• Florida Commercial Relations Code Section 674.2111; When bank gives value for purposes of holder in due course.
  For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security interest ...
• Florida Commercial Relations Code Section 674.2121; Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser.
  (1) Unless otherwise instructed, a collecting bank may present an item not payable by, through, or at a bank by sending to the party to ...
• Florida Commercial Relations Code Section 674.2131; Medium and time of settlement by bank.
  (1) With respect to settlement by a bank, the medium and time of settlement may be prescribed by Federal Reserve regulations or circulars, clearinghouse rules, ...
• Florida Commercial Relations Code Section 674.2141; Right of charge-back or refund; liability of collecting bank; return of item.
  (1) If a collecting bank has made provisional settlement with its customer for an item and fails by reason of dishonor, suspension of payments by ...
• Florida Commercial Relations Code Section 674.215; Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
  (1) An item is finally paid by a payor bank when the bank has first done any of the following: (a) Paid the item in ...
• Florida Commercial Relations Code Section 674.216; Insolvency and preference.
  (1) If an item is in or comes into the possession of a payor or collecting bank that suspends payment and the item has not ...
• Florida Commercial Relations Code Section 674.301; Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
  (1) If a payor bank settles for a demand item other than a documentary draft presented otherwise than for immediate payment over the counter before ...
• Florida Commercial Relations Code Section 674.302; Payor bank's responsibility for late return of item.
  (1) If an item is presented to and received by a payor bank, the bank is accountable for the amount of: (a) A demand item, ...
• Florida Commercial Relations Code Section 674.303; When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.
  (1) Any knowledge, notice, or stop-payment order received by, legal process served upon, or setoff exercised by a payor bank comes too late to ...
• Florida Commercial Relations Code Section 674.401; When bank may charge customer's account.
  (1) A bank may charge against the account of a customer an item that is properly payable from that account even though the charge creates ...
• Florida Commercial Relations Code Section 674.402; Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.
  (1) Except as otherwise provided in this chapter, a payor bank wrongfully dishonors an item if it dishonors an item that is properly payable, but ...
• Florida Commercial Relations Code Section 674.403; Customer's right to stop payment; burden of proof of loss.
  (1) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item ...
• Florida Commercial Relations Code Section 674.404; Bank not obliged to pay check more than 6 months old.
  A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented ...
• Florida Commercial Relations Code Section 674.405; Death or incompetence of customer.
  (1) A payor or collecting bank's authority to accept, pay, or collect an item or to account for proceeds of its collection, if otherwise ...
• Florida Commercial Relations Code Section 674.406; Customer's duty to discover and report unauthorized signature or alteration.
  (1) A bank that sends or makes available to a customer a statement of account showing payment of items for the account shall either return ...
• Florida Commercial Relations Code Section 674.407; Payor bank's right to subrogation on improper payment.
  If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after the account has been ...
• Florida Commercial Relations Code Section 674.501; Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
  A bank that takes a documentary draft for collection shall present or send the draft and accompanying documents for presentment and, upon learning that the ...
• Florida Commercial Relations Code Section 674.502; Presentment of "on arrival" drafts.
  If a draft or the relevant instructions require presentment "on arrival," "when goods arrive," or the like, the collecting bank need not present until in ...
• Florida Commercial Relations Code Section 674.503; Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
  Unless otherwise instructed and except as provided in chapter 675, a bank presenting a documentary draft: (1) Must deliver the documents to the drawee on ...
• Florida Commercial Relations Code Section 674.504; Privilege of presenting bank to deal with goods; security interest for expenses.
  (1) A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time ...
• Florida Commercial Relations Code Section 675.101; Short title.
  This chapter may be cited as the "Uniform Commercial Code--Letters of ...
• Florida Commercial Relations Code Section 675.102; Scope.
  (1) This chapter applies to letters of credit and to certain rights and obligations arising out of transactions involving letters of credit. (2) The statement ...
• Florida Commercial Relations Code Section 675.103; Definitions.
  (1) For purposes of this chapter: (a) "Adviser" means a person who, at the request of the issuer, a confirmer, or another adviser, notifies or ...
• Florida Commercial Relations Code Section 675.104; Formal requirements.
  A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated by a ...
• Florida Commercial Relations Code Section 675.105; Consideration.
  Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or ...
• Florida Commercial Relations Code Section 675.106; Issuance, amendment, cancellation, and duration.
  (1) A letter of credit is issued and becomes enforceable according to its terms against the issuer when the issuer sends or otherwise transmits it ...
• Florida Commercial Relations Code Section 675.107; Confirmer, nominated person, and adviser.
  (1) A confirmer is directly obligated on a letter of credit and has the rights and obligations of an issuer to the extent of its ...
• Florida Commercial Relations Code Section 675.108; Issuer's rights and obligations.
  (1) Except as otherwise provided in s. 675.109, an issuer shall honor a presentation that, as determined by the standard practice referred to in ...
• Florida Commercial Relations Code Section 675.109; Fraud and forgery.
  (1) If a presentation is made that appears on its face strictly to comply with the terms and conditions of the letter of credit, but ...
• Florida Commercial Relations Code Section 675.110; Warranties.
  (1) If a beneficiary's presentation is honored, the beneficiary warrants: (a) To the issuer, any other person to whom presentation is made, and the ...
• Florida Commercial Relations Code Section 675.111; Remedies.
  (1) If an issuer wrongfully dishonors or repudiates its obligation to pay money under a letter of credit before presentation, the beneficiary, successor, or nominated ...
• Florida Commercial Relations Code Section 675.112; Transfer of letter of credit.
  (1) Except as otherwise provided in s. 675.113, unless a letter of credit provides that it is transferable, the right of a beneficiary to ...
• Florida Commercial Relations Code Section 675.113; Transfer by operation of law.
  (1) A successor of a beneficiary may consent to amendments, sign and present documents, and receive payment or other items of value in the name ...
• Florida Commercial Relations Code Section 675.114; Assignment of proceeds.
  (1) For purposes of this section, the term "proceeds of a letter of credit" means the cash, check, accepted draft, or other item of value ...
• Florida Commercial Relations Code Section 675.115; Statute of limitations.
  An action to enforce a right or obligation arising under this chapter must be commenced within 1 year after the expiration date of the relevant ...
• Florida Commercial Relations Code Section 675.116; Choice of law and forum.
  (1) The liability of an issuer, nominated person, or adviser for action or omission is governed by the law of the jurisdiction chosen by an ...
• Florida Commercial Relations Code Section 675.117; Subrogation of issuer, applicant, and nominated person.
  (1) An issuer that honors a beneficiary's presentation is subrogated to the rights of the beneficiary to the same extent as if the issuer ...
• Florida Commercial Relations Code Section 675.118; Applicability of ch. 99-137.
  (1) This act applies to any letter of credit that is issued on or after July 1, 1999. This act does not apply to any ...
• Florida Commercial Relations Code Section 675.1181; Security interest of issuer or nominated person.
  (1) An issuer or nominated person has a security interest in a document presented under a letter of credit to the extent that the issuer ...
• Florida Commercial Relations Code Section 677.101; Short title.
  Chapter 677 shall be known and may be cited as the "Uniform Commercial Code--Documents of ...
• Florida Commercial Relations Code Section 677.102; Definitions and index of definitions.
  (1) In this chapter, unless the context otherwise requires: (a) "Bailee" means the person who by a warehouse receipt, bill of lading or other document ...
• Florida Commercial Relations Code Section 677.103; Relation of chapter to treaty, statute, tariff, classification or regulation.
  To the extent that any treaty or statute of the United States, regulatory statute of this state or tariff, classification or regulation filed or issued ...
• Florida Commercial Relations Code Section 677.104; Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title.
  (1) A warehouse receipt, bill of lading or other document of title is negotiable: (a) If by its terms the goods are to be delivered ...
• Florida Commercial Relations Code Section 677.105; Construction against negative implication.
  The omission from either part II or part III of this chapter of a provision corresponding to a provision made in the other part does ...
• Florida Commercial Relations Code Section 677.201; Who may issue a warehouse receipt; storage under government bond.
  (1) A warehouse receipt may be issued by any warehouseman. (2) Where goods including distilled spirits and agricultural commodities are stored under a statute requiring ...
• Florida Commercial Relations Code Section 677.202; Form of warehouse receipt; essential terms; optional terms.
  (1) A warehouse receipt need not be in any particular form. (2) Unless a warehouse receipt embodies within its written or printed terms each of ...
• Florida Commercial Relations Code Section 677.203; Liability of nonreceipt or misdescription.
  A party to or purchaser for value in good faith of a document of title other than a bill of lading relying in either case ...
• Florida Commercial Relations Code Section 677.204; Duty of care; contractual limitation of warehouseman's liability.
  (1) A warehouseman is liable for damages for loss of or injury to the goods caused by his or her failure to exercise such care ...
• Florida Commercial Relations Code Section 677.205; Title under warehouse receipt defeated in certain cases.
  A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman who is also in the business of buying ...
• Florida Commercial Relations Code Section 677.206; Termination of storage at warehouseman's option.
  (1) A warehouseman may on notifying the person on whose account the goods are held and any other person known to claim an interest in ...
• Florida Commercial Relations Code Section 677.207; Goods must be kept separate; fungible goods.
  (1) Unless the warehouse receipt otherwise provides, a warehouseman must keep separate the goods covered by each receipt so as to permit at all times ...
• Florida Commercial Relations Code Section 677.208; Altered warehouse receipts.
  Where a blank in a negotiable warehouse receipt has been filled in without authority, a purchaser for value and without notice of the want of ...
• Florida Commercial Relations Code Section 677.209; Lien of warehouseman.
  (1) A warehouseman has a lien against the bailor on the goods covered by a warehouse receipt or on the proceeds thereof in his or ...
• Florida Commercial Relations Code Section 677.210; Enforcement of warehouseman's lien.
  (1) Except as provided in subsection (2), a warehouseman's lien may be enforced by public or private sale of the goods in block or ...
• Florida Commercial Relations Code Section 677.301; Liability for nonreceipt or misdescription; "said to contain"; "shipper's load and count"; improper handling.
  (1) A consignee of a nonnegotiable bill who has given value in good faith or a holder to whom a negotiable bill has been duly ...
• Florida Commercial Relations Code Section 677.302; Through bills of lading and similar documents.
  (1) The issuer of a through bill of lading or other document embodying an undertaking to be performed in part by persons acting as its ...
• Florida Commercial Relations Code Section 677.303; Diversion; reconsignment; change of instructions.
  (1) Unless the bill of lading otherwise provides, the carrier may deliver the goods to a person or destination other than that stated in the ...
• Florida Commercial Relations Code Section 677.304; Bills of lading in a set.
  (1) Except where customary in overseas transportation, a bill of lading must not be issued in a set of parts. The issuer is liable for ...
• Florida Commercial Relations Code Section 677.305; Destination bills.
  (1) Instead of issuing a bill of lading to the consignor at the place of shipment a carrier may at the request of the consignor ...
• Florida Commercial Relations Code Section 677.306; Altered bills of lading.
  An unauthorized alteration or filling in of a blank in a bill of lading leaves the bill enforceable according to its original ...
• Florida Commercial Relations Code Section 677.307; Lien of carrier.
  (1) A carrier has a lien on the goods covered by a bill of lading for charges subsequent to the date of its receipt of ...
• Florida Commercial Relations Code Section 677.308; Enforcement of carrier's lien.
  (1) A carrier's lien may be enforced by public or private sale of the goods, in block or in parcels, at any time or ...
• Florida Commercial Relations Code Section 677.309; Duty of care; contractual limitation of carrier's liability.
  (1) A carrier who issues a bill of lading whether negotiable or nonnegotiable must exercise the degree of care in relation to the goods which ...
• Florida Commercial Relations Code Section 677.401; Irregularities in issue of receipt or bill or conduct of issuer.
  The obligations imposed by this chapter on an issuer apply to a document of title regardless of the fact that: (1) The document may not ...
• Florida Commercial Relations Code Section 677.402; Duplicate receipt or bill; overissue.
  Neither a duplicate nor any other document of title purporting to cover goods already represented by an outstanding document of the same issuer confers any ...
• Florida Commercial Relations Code Section 677.403; Obligation of warehouseman or carrier to deliver; excuse.
  (1) The bailee must deliver the goods to a person entitled under the document who complies with subsections (2) and (3), unless and to the ...
• Florida Commercial Relations Code Section 677.404; No liability for good faith delivery pursuant to receipt or bill.
  A bailee who in good faith including observance of reasonable commercial standards has received goods and delivered or otherwise disposed of them according to the ...
• Florida Commercial Relations Code Section 677.501; Form of negotiation and requirements of "Due negotiation."
  (1) A negotiable document of title running to the order of a named person is negotiated by the named person's indorsement and delivery. After ...
• Florida Commercial Relations Code Section 677.502; Rights acquired by due negotiation.
  (1) Subject to the following section and to the provisions of s. 677.205 on fungible goods, a holder to whom a negotiable document of ...
• Florida Commercial Relations Code Section 677.503; Document of title to goods defeated in certain cases.
  (1) A document of title confers no right in goods against a person who before issuance of the document had a legal interest or a ...
• Florida Commercial Relations Code Section 677.504; Rights acquired in the absence of due negotiation; effect of diversion; seller's stoppage of delivery.
  (1) A transferee of a document, whether negotiable or nonnegotiable, to whom the document has been delivered but not duly negotiated, acquires the title and ...
• Florida Commercial Relations Code Section 677.505; Indorser not a guarantor for other parties.
  The indorsement of a document of title issued by a bailee does not make the indorser liable for any default by the bailee or by ...
• Florida Commercial Relations Code Section 677.506; Delivery without indorsement; right to compel indorsement.
  The transferee of a negotiable document of title has a specifically enforceable right to have his or her transferor supply any necessary indorsement but the ...
• Florida Commercial Relations Code Section 677.507; Warranties on negotiation or transfer of receipt or bill.
  Where a person negotiates or transfers a document of title for value otherwise than as a mere intermediary under the next following section, then unless ...
• Florida Commercial Relations Code Section 677.508; Warranties of collecting bank as to documents.
  A collecting bank or other intermediary known to be entrusted with documents on behalf of another or with collection of a draft or other claim ...
• Florida Commercial Relations Code Section 677.509; Receipt or bill; when adequate compliance with commercial contract.
  The question whether a document is adequate to fulfill the obligations of a contract for sale or the conditions of a credit is governed by ...
• Florida Commercial Relations Code Section 677.601; Lost and missing documents.
  (1) If a document has been lost, stolen or destroyed, a court may order delivery of the goods or issuance of a substitute document and ...
• Florida Commercial Relations Code Section 677.602; Attachment of goods covered by a negotiable document.
  Except where the document was originally issued upon delivery of the goods by a person who had no power to dispose of them, no lien ...
• Florida Commercial Relations Code Section 677.603; Conflicting claims; interpleader.
  If more than one person claims title or possession of the goods, the bailee is excused from delivery until he or she has had a ...
• Florida Commercial Relations Code Section 678.1011; Short title.
  Chapter 678 may be cited as "Uniform Commercial Code--Investment ...
• Florida Commercial Relations Code Section 678.1021; Definitions.
  (1) In this chapter: (a) "Adverse claim" means a claim that a claimant has a property interest in a financial asset and that it is ...
• Florida Commercial Relations Code Section 678.1031; Rules for determining whether certain obligations and interests are securities or financial assets.
  (1) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security. (2) An "investment ...
• Florida Commercial Relations Code Section 678.1041; Acquisition of security or financial asset or interest therein.
  (1) A person acquires a security or an interest therein, under this chapter, if: (a) The person is a purchaser to whom a security is ...
• Florida Commercial Relations Code Section 678.1051; Notice of adverse claim.
  (1) A person has notice of an adverse claim if: (a) The person knows of the adverse claim; (b) The person is aware of facts ...
• Florida Commercial Relations Code Section 678.1061; Control.
  (1) A purchaser has "control" of a certificated security in bearer form if the certificated security is delivered to the purchaser. (2) A purchaser has "...
• Florida Commercial Relations Code Section 678.1071; Whether indorsement, instruction, or entitlement order is effective.
  (1) "Appropriate person" means: (a) With respect to an indorsement, the person specified by a security certificate or by an effective special indorsement to be ...
• Florida Commercial Relations Code Section 678.1081; Warranties in direct holding.
  (1) A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an indorser, if the transfer is by ...
• Florida Commercial Relations Code Section 678.1091; Warranties in indirect holding.
  (1) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that: (a) The entitlement order is made by ...
• Florida Commercial Relations Code Section 678.1101; Applicability; choice of law.
  (1) The local law of the issuer's jurisdiction, as specified in subsection (4), governs: (a) The validity of a security. (b) The rights and ...
• Florida Commercial Relations Code Section 678.1111; Clearing corporation rules.
  A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even ...
• Florida Commercial Relations Code Section 678.1121; Creditor's legal process.
  (1) The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by ...
• Florida Commercial Relations Code Section 678.1131; Statute of frauds inapplicable.
  A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed ...
• Florida Commercial Relations Code Section 678.1141; Evidentiary rules concerning certificated securities.
  The following rules apply in an action on a certificated security against the issuer: (1) Unless specifically denied in the pleadings, each signature on a ...
• Florida Commercial Relations Code Section 678.1151; Securities intermediary and others not liable to adverse claimant.
  A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has ...
• Florida Commercial Relations Code Section 678.1161; Securities intermediary as purchaser for value.
  A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a ...
• Florida Commercial Relations Code Section 678.1171; Application of ch. 98-11.
  (1) This act does not affect an action or proceeding commenced before this act takes effect. (2) If a security interest in a security is ...
• Florida Commercial Relations Code Section 678.2011; Issuer.
  (1) With respect to an obligation on or a defense to a security, an "issuer" includes a person that: (a) Places or authorizes the placing ...
• Florida Commercial Relations Code Section 678.2021; Issuer's responsibility and defenses; notice of defect or defense.
  (1) Even against a purchaser for value and without notice, the terms of a certificated security include terms stated on the certificate and terms made ...
• Florida Commercial Relations Code Section 678.2031; Staleness as notice of defect or defense.
  After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by ...
• Florida Commercial Relations Code Section 678.2041; Effect of issuer's restriction on transfer.
  A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction ...
• Florida Commercial Relations Code Section 678.2051; Effect of unauthorized signature on security certificate.
  An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of ...
• Florida Commercial Relations Code Section 678.2061; Completion or alteration of security certificate.
  (1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: (a) Any person may ...
• Florida Commercial Relations Code Section 678.2071; Rights and duties of issuer with respect to registered owners.
  (1) Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an ...
• Florida Commercial Relations Code Section 678.2081; Effect of signature of authenticating trustee, registrar, or transfer agent.
  (1) A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated ...
• Florida Commercial Relations Code Section 678.2091; Issuer's lien.
  A lien in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the ...
• Florida Commercial Relations Code Section 678.2101; Overissue.
  (1) In this section, "overissue" means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue ...
• Florida Commercial Relations Code Section 678.3011; Delivery.
  (1) Delivery of a certificated security to a purchaser occurs when: (a) The purchaser acquires possession of the security certificate; (b) Another person, other than ...
• Florida Commercial Relations Code Section 678.3021; Rights of purchaser.
  (1) Except as otherwise provided in subsections (2) and (3), a purchaser of a certificated or uncertificated security acquires all rights in the security that ...
• Florida Commercial Relations Code Section 678.3031; Protected purchaser.
  (1) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who: (a) Gives value. (b) Does not have ...
• Florida Commercial Relations Code Section 678.3041; Indorsement.
  (1) An indorsement may be in blank or special. An indorsement in blank includes an indorsement to bearer. A special indorsement specifies to whom a ...
• Florida Commercial Relations Code Section 678.3051; Instruction.
  (1) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized ...
• Florida Commercial Relations Code Section 678.3061; Effect of guaranteeing signature, indorsement, or instruction.
  (1) A person who guarantees a signature of an indorser of a security certificate warrants that at the time of signing: (a) The signature was ...
• Florida Commercial Relations Code Section 678.3071; Purchaser's right to requisites for registration of transfer.
  Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other ...
• Florida Commercial Relations Code Section 678.4011; Duty of issuer to register transfer.
  (1) If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to ...
• Florida Commercial Relations Code Section 678.4021; Assurance that indorsement or instruction is effective.
  (1) An issuer may require the following assurance that each necessary indorsement or each instruction is genuine and authorized: (a) In all cases, a guaranty ...
• Florida Commercial Relations Code Section 678.4031; Demand that issuer not register transfer.
  (1) A person who is an appropriate person to make an indorsement or originate an instruction may demand that the issuer not register transfer of ...
• Florida Commercial Relations Code Section 678.4041; Wrongful registration.
  (1) Except as otherwise provided in s. 678.4061, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer ...
• Florida Commercial Relations Code Section 678.4051; Replacement of lost, destroyed, or wrongfully taken security certificate.
  (1) If an owner of a certificated security, whether in registered or bearer form, claims that the certificate has been lost, destroyed, or wrongfully taken, ...
• Florida Commercial Relations Code Section 678.4061; Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
  If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within a ...
• Florida Commercial Relations Code Section 678.4071; Authenticating trustee, transfer agent, and registrar.
  A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in ...
• Florida Commercial Relations Code Section 678.5011; Securities account; acquisition of security entitlement from securities intermediary.
  (1) "Securities account" means an account to which a financial asset is or may be credited in accordance with an agreement under which the person ...
• Florida Commercial Relations Code Section 678.5021; Assertion of adverse claim against entitlement holder.
  An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not ...
• Florida Commercial Relations Code Section 678.5031; Property interest of entitlement holder in financial asset held by securities intermediary.
  (1) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in that ...
• Florida Commercial Relations Code Section 678.5041; Duty of securities intermediary to maintain financial asset.
  (1) A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements it ...
• Florida Commercial Relations Code Section 678.5051; Duty of securities intermediary with respect to payments and distributions.
  (1) A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary satisfies ...
• Florida Commercial Relations Code Section 678.5061; Duty of securities intermediary to exercise rights as directed by entitlement holder.
  A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies ...
• Florida Commercial Relations Code Section 678.5071; Duty of securities intermediary to comply with entitlement order.
  (1) A securities intermediary shall comply with an entitlement order if the entitlement order is originated by the appropriate person, the securities intermediary has had ...
• Florida Commercial Relations Code Section 678.5081; Duty of securities intermediary to change entitlement holder's position to other form of security holding.
  A securities intermediary shall act at the direction of an entitlement holder t