The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 671
UNIFORM COMMERCIAL CODE: GENERAL PROVISIONS

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F.S. 671.208

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 will” or “when she or he deems herself or himself insecure” or in words of similar import must be construed to mean that she or he has power to do so only if she or he in good faith believes that the prospect of payment or performance is impaired. The burden of establishing lack of good faith is on the party against whom the power has been exercised.

History.—s. 1, ch. 65-254; s. 555, ch. 97-102; s. 14, ch. 2007-134.

Note.—s. 1-208, U.C.C.; supersedes s. 674.03(3).

F.S. 671.208 on Google Scholar

F.S. 671.208 on Casetext

Amendments to 671.208

Arrestable Offenses / Crimes under Fla. Stat. 671.208

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 671.208.

Annotations, Discussions, Cases:

Cases from cite.case.law:

EXIM BRICKELL LLC, a v. PDVSA SERVICES INC. a S. A. a, 516 F. App'x 742 (11th Cir. 2013)

. . . . §§ 671.208, 672.103(l)(b); see, e.g., T.J. . . .

In WARD,, 320 B.R. 760 (Bankr. M.D. Fla. 2005)

. . . Barnett Bank of Pensacola, 397 So.2d 1020, 1021 (Fla. 1st DCA 1981)(citing § 671.208, Fla. . . .

In WATERS, 248 B.R. 916 (Bankr. M.D. Fla. 2000)

. . . Barnett Bank of Pensacola, 397 So.2d 1020, 1021 (Fla. 1st DCA 1981) (citing § 671.208, Fla.Stat., for . . .

FLAGSHIP NATIONAL BANK, v. GRAY DISTRIBUTION SYSTEMS, INC. G. D. S. G. D. S., 485 So. 2d 1336 (Fla. Dist. Ct. App. 1986)

. . . determination that the transaction is governed by the good faith provisions of sections 671.203 and 671.208 . . . Section 671.208 is also inapplicable. . . . . § 671.208, Fla.Stat. Ann. (West 1977), Uniform Commercial Code Comment; Quest v. . . . We refrain from following K.M.C. because we find that the court’s citation of section 671.208, which . . .

L. QUEST v. BARNETT BANK OF PENSACOLA,, 397 So. 2d 1020 (Fla. Dist. Ct. App. 1981)

. . . Section 671.208, Florida Statutes (1975), explains that the word “insecure” means that the creditor “ . . .

EGLIN FEDERAL CREDIT UNION, a v. E. CURFMAN,, 386 So. 2d 860 (Fla. Dist. Ct. App. 1980)

. . . Uniform Commercial Code, Sections 671.203, 671.208, Florida Statutes. . . .