Uniform Commercial Code
Florida · Uniform Commercial Code: Letters of Credit · §§ 675.101 to 675.119 · 20 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 3 court decisions.
Most-cited authority: 515 FAPPX 792 - 2002 Irrevocable Trust For Richard C. Hvizdak v. The Huntington National Bank
Sections covered
- Fla. Stat. § 675.101Short title
- Fla. Stat. § 675.102Scope
- Fla. Stat. § 675.103Definitions
- Fla. Stat. § 675.104Formal requirements
- Fla. Stat. § 675.105Consideration
- Fla. Stat. § 675.106Issuance, amendment, cancellation, and duration
- Fla. Stat. § 675.107Confirmer, nominated person, and adviser
- Fla. Stat. § 675.108Issuer’s rights and obligations
- Fla. Stat. § 675.109Fraud and forgery1 cite
- Fla. Stat. § 675.110Warranties
- Fla. Stat. § 675.111Remedies2 cites
- Fla. Stat. § 675.112Transfer of letter of credit
- Fla. Stat. § 675.113Transfer by operation of law
- Fla. Stat. § 675.114Assignment of proceeds
- Fla. Stat. § 675.115Statute of limitations
- Fla. Stat. § 675.116Choice of law and forum
- Fla. Stat. § 675.117Subrogation of issuer, applicant, and nominated person
- Fla. Stat. § 675.118Applicability of ch. 99-137
- Fla. Stat. § 675.1181Security interest of issuer or nominated person
- Fla. Stat. § 675.119Saving 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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