Florida Statute 671.208 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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).

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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 Citing Statute 671.208

Total Results: 4

Gulf Power Co. v. Wilson

Court: Fla. | Date Filed: 1992-04-09T00:53:00-07:00

Citation: 597 So. 2d 270

Snippet: Utilities Comm'n v. General Tel. Co., 285 N.C. 671, 208 S.E.2d 681 (1974) (court affirmed commission'

Flagship Nat. Bank v. Gray Distribution Syst.

Court: Fla. Dist. Ct. App. | Date Filed: 1986-03-24T23:53:00-08:00

Citation: 485 So. 2d 1336

Snippet: good faith provisions of sections 671.203 and 671.208, Florida Statutes (1977), is erroneous. The good…note is not affected by section 671.203. Section 671.208 is also inapplicable. It has no effect on demand…obligations at any time with or without reason. § 671.208, Fla. Stat. Ann. (West 1977), Uniform Commercial…find that the court's citation of section 671.208, which is inapplicable to demand notes, renders

Quest v. Barnett Bank of Pensacola

Court: Fla. Dist. Ct. App. | Date Filed: 1981-05-11T00:53:00-07:00

Citation: 397 So. 2d 1020

Snippet: time feels insecure for any reason." Section 671.208, Florida Statutes (1975), explains that the word

Eglin Federal Credit Union v. Curfman

Court: Fla. Dist. Ct. App. | Date Filed: 1980-08-14T00:53:00-07:00

Citation: 386 So. 2d 860

Snippet: transaction. Uniform Commercial Code, Sections 671.203, 671.208, Florida Statutes. Appellant contends that the