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Florida Statute 672.702 | Lawyer Caselaw & Research
F.S. 672.702 Case Law from Google Scholar
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Link to State of Florida Official Statute Google Search for Amendments to 672.702

The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS
Chapter 672
UNIFORM COMMERCIAL CODE: SALES
View Entire Chapter
F.S. 672.702
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 under the contract, and stop delivery under this chapter (s. 672.705).
(2) Where the seller discovers that the buyer has received goods on credit while insolvent the seller may reclaim the goods upon demand made within 10 days after the receipt, but if misrepresentation of solvency has been made to the particular seller in writing within 3 months before delivery the 10-day limitation does not apply. Except as provided in this subsection the seller may not base a right to reclaim goods on the buyer’s fraudulent or innocent misrepresentation of solvency or of intent to pay.
(3) The seller’s right to reclaim under subsection (2) is subject to the rights of a buyer in ordinary course or other good faith purchaser under this chapter (s. 672.403). Successful reclamation of goods excludes all other remedies with respect to them.
History.s. 1, ch. 65-254; s. 4, ch. 79-398; s. 601, ch. 97-102.
Note.s. 2-702, U.C.C.

F.S. 672.702 on Google Scholar

F.S. 672.702 on Casetext

Amendments to 672.702


Arrestable Offenses / Crimes under Fla. Stat. 672.702
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 672.702.



Annotations, Discussions, Cases:

Cases from cite.case.law:

In NITRAM, INC., 323 B.R. 792 (Bankr. M.D. Fla. 2005)

. . . Section 672.702 of the Florida Statutes provides: 672.702. . . . Stat. 672.702(Emphasis supplied). . . . It is well-established that a secured creditor is a “purchaser” for purposes of § 672.702 of the statute . . . subordinated status, however, the right of reclamation continues to exist as a seller’s remedy under § 672.702 . . . reclamation The Court has determined that Electrical is a seller with a right of reclamation under § 672.702 . . .

MIERZWA, v. FLORIDA WINDSTORM UNDERWRITING ASSOCIATION,, 877 So. 2d 774 (Fla. Dist. Ct. App. 2004)

. . . Section 672.702(1), Florida Statutes (2003), the valued policy law, has been part of Florida law for . . . equation is [ (covered risk) 4- (excluded risk);] 672.702 . . .

In BRADLEES STORES, INC., 262 B.R. 253 (Bankr. S.D.N.Y. 2001)

. . . . § 672.702 and M.G.L.A. 106 § 2-702. . . .

In AFFILIATED OF FLORIDA, INC. v., 237 B.R. 495 (Bankr. M.D. Fla. 1998)

. . . Section 672.702 of the Florida Statutes, which constitutes Florida’s version of § 2-702 of the Uniform . . . Commercial Code, provides: 672.702. . . . As set forth above, § 672.702(3) of the Florida Statutes provides that a seller’s right to reclaim “is . . . perfected security interest in the buyer’s inventory, including after-acquired inventory, pursuant to § 672.702 . . .

BEASON- SIMONS, d b a v. AVION TECHNOLOGIES, INC., 662 So. 2d 1317 (Fla. Dist. Ct. App. 1995)

. . . Whether a seller's right of reclamation under section 672.702, Florida Statutes, where seller discovers . . .

In GRAPHIC PRODUCTIONS CORPORATION, f k a GRAPHIC PRODUCTIONS CORPORATION, f k a v. WWF PAPER CORPORATION WWF, 176 B.R. 65 (Bankr. S.D. Fla. 1994)

. . . In order to establish entitlement to reclamation from a debtor under § 546(c) and § 672.702(2), Florida . . . for reclamation because it does not contain the word “reclamation” or a reference to § 546(c) or § 672.702 . . .

In SUNSTATE DAIRY FOOD PRODUCTS COMPANY, ISALY KLONDIKE COMPANY, v. SUNSTATE DAIRY FOOD PRODUCTS COMPANY, 145 B.R. 341 (Bankr. M.D. Fla. 1992)

. . . Section 672.702(2) of the Florida Statutes provides the statutory basis for Klondike’s assertion of a . . . Klondike attempts to avoid the limitation of Section 672.702(3) of the Florida Statutes arguing that . . . Since “or lien creditor” has now been removed from Section 672.702(3) of the Florida Statutes, Klondike . . . Despite the removal of “or lien creditor” from Section 672.702(3) of the Florida Statutes, Klondike’s . . . Section 672.702(3) of the Florida Statutes provides: The seller's right to reclaim under subsection ( . . .

In CROFTON SONS, INC. TATE CHEESE COMPANY, INC. v. CROFTON SONS, INC., 139 B.R. 567 (Bankr. M.D. Fla. 1992)

. . . The parties agree that Section 672.702(2) of the Florida Statutes provides a statutory basis for Tate . . . Although Tate fulfilled the technical requirements of Section 546(c) of the Bankruptcy Code and Section 672.702 . . . Section 2-702 of the Uniform Commercial Code is codified in Florida as Section 672.702 of the Florida . . . Section 672.702(2) of the Florida Statutes provides: Where the seller discovers that the buyer has received . . .

In PENTHOUSE TRAVELERS OF ARIPEKA, INC., 120 B.R. 226 (Bankr. M.D. Fla. 1990)

. . . . § 672.702. (Banks’ Exh. No. 1). . . . threshold question is whether or not Banks has met the requirements for reclamation of both Fla.Stat. § 672.702 . . . Fla.Stat. § 672.702 provides a statutory right of reclamation, and there is no dispute that Banks made . . . Both Fla.Stat. § 672.702 and § 546(c) of the Bankruptcy Code, as noted above, require as a condition . . .

In BEST BUY DRUGS, INC. LAWRENCE PHARMACEUTICALS, INC. v. BEST BUY DRUGS, INC., 89 B.R. 997 (Bankr. S.D. Fla. 1988)

. . . seeks the reclamation of personal property or other relief pursuant to 11 U.S.C. 546(c) and Section 672.702 . . . such term is defined in the Uniform Commercial Code and the State Reclamation Statute, Florida Statute 672.702 . . .

In UNITED PRECIOUS METALS, INC. JOHNSON MATTHEY LTD. v. UNITED PRECIOUS METALS, INC., 39 B.R. 14 (Bankr. S.D. Fla. 1984)

. . . Similarly, plaintiff concedes and I find that it is not entitled to reclamation under § 672.702, Florida . . .

In DAVIDSON LUMBER COMPANY, CHAMPION INTERNATIONAL CORP. v. DAVIDSON LUMBER COMPANY,, 22 B.R. 775 (Bankr. S.D. Fla. 1982)

. . . The relief sought in the complaint is based on § 2-702 of the Uniform Commercial Code (§ 672.702, Florida . . .

In ELI WITT COMPANY, BROWN WILLIAMSON TOBACCO CORPORATION, v. ELI WITT COMPANY,, 16 B.R. 197 (Bankr. M.D. Fla. 1981)

. . . Florida Statutes § 672.702, cannot be asserted against a debtor-in-possession. . . .

In ELI WITT COMPANY, R. J. REYNOLDS TOBACCO COMPANY, v. ELI WITT COMPANY,, 12 B.R. 757 (Bankr. M.D. Fla. 1981)

. . . . § 672.702 cannot be asserted against a debt- or-in-possession. . . . This is so because the judgment lien status referred to in Fla.Stat. § 672.702, which is accorded to . . . In addition, the Debtor points out that Florida law controls, and under Florida law, Fla.Stat. § 672.702 . . . In addition, Fla.Stat. § 672.702 expressly subjects a seller’s reclamation rights to the rights of a . . .

In GOTHAM PROVISION COMPANY, INC. FIRST STATE BANK OF MIAMI, v. GOTHAM PROVISION COMPANY, INC., 1 B.R. 255 (Bankr. S.D. Fla. 1979)

. . . Lykes also has asserted a reclamation claim under either § 672.702(2) or § 672.507(2), Florida Statutes . . .