Uniform Commercial Code
Florida · Uniform Commercial Code: Funds Transfers · §§ 670.101 to 670.601 · 39 sections
Overview
The Uniform Commercial Code governs commercial transactions, with the provisions here covering the sale of goods and the treatment of certain electronic records that function as payment or account rights. For sales, it supplies default rules that fill gaps in contracts — price, delivery, timing, and payment terms — alongside requirements for contract formation and modification, a statute of frauds, limits on the use of extrinsic evidence, and rules on when acceptance with added terms creates a binding agreement. It also establishes warranties that attach to a sale, including title, express warranties created by description or sample, and implied warranties of merchantability and fitness for a particular purpose, and it empowers courts to refuse enforcement of unconscionable terms.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 19 court decisions.
Most-cited authority: 701 F.3d 896 - Chavez v. Mercantil Commercebank, N.A.
Sections covered
- Fla. Stat. § 670.101Short title1 cite
- Fla. Stat. § 670.102Subject matter4 cites
- Fla. Stat. § 670.103Payment order: definitions
- Fla. Stat. § 670.104Funds transfer: definitions1 cite
- Fla. Stat. § 670.105Other definitions2 cites
- Fla. Stat. § 670.106Time payment order is received
- Fla. Stat. § 670.107Federal Reserve regulations and operating circulars
- Fla. Stat. § 670.108Relationship to Electronic Fund Transfer Act1 cite
- Fla. Stat. § 670.201Security procedure
- Fla. Stat. § 670.202Authorized and verified payment orders
- Fla. Stat. § 670.203Unenforceability of certain verified payment orders
- Fla. Stat. § 670.204Refund of payment and duty of customer to report with respect to unauthorized payment order5 cites
- Fla. Stat. § 670.205Erroneous payment orders
- Fla. Stat. § 670.206Transmission of payment order through funds-transfer system or other communication system
- Fla. Stat. § 670.207Misdescription of beneficiary
- Fla. Stat. § 670.208Misdescription of intermediary bank or beneficiary’s bank
- Fla. Stat. § 670.209Acceptance of payment order
- Fla. Stat. § 670.21Rejection of payment order
- Fla. Stat. § 670.211Cancellation and amendment of payment order
- Fla. Stat. § 670.212Liability and duty of receiving bank regarding unaccepted payment order
- Fla. Stat. § 670.301Execution and execution date
- Fla. Stat. § 670.302Obligations of receiving bank in execution of payment order
- Fla. Stat. § 670.303Erroneous execution of payment order
- Fla. Stat. § 670.304Duty of sender to report erroneously executed payment order
- Fla. Stat. § 670.305Liability for late or improper execution or failure to execute payment order
- Fla. Stat. § 670.401Payment date
- Fla. Stat. § 670.402Obligation of sender to pay receiving bank
- Fla. Stat. § 670.403Payment by sender to receiving bank
- Fla. Stat. § 670.404Obligation of beneficiary’s bank to pay and give notice to beneficiary1 cite
- Fla. Stat. § 670.405Payment by beneficiary’s bank to beneficiary
- Fla. Stat. § 670.406Payment by originator to beneficiary; discharge of underlying obligation
- Fla. Stat. § 670.501Variation by agreement and effect of funds-transfer system rule1 cite
- Fla. Stat. § 670.502Creditor process served on receiving bank; set-off by beneficiary’s bank
- Fla. Stat. § 670.503Injunction or restraining order with respect to funds transfer
- Fla. Stat. § 670.504Order in which items and payment orders may be charged to account; order of withdrawals from account
- Fla. Stat. § 670.505Preclusion of objection to debit of customer’s account2 cites
- Fla. Stat. § 670.506Rate of interest1 cite
- Fla. Stat. § 670.507Choice of law
- Fla. Stat. § 670.601Saving clause
Enacted in other states
Alaska, Alabama, Arkansas, Arizona, California, Colorado, District of Columbia, Delaware, Florida, Florida, Florida, Florida, Florida, Florida, Florida, Florida, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Maryland, Maine, Mississippi, Montana, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Nevada, Nevada, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, West Virginia
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