Florida Statute 672.326 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 672
UNIFORM COMMERCIAL CODE: SALES

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F.S. 672.326

672.326 Sale on approval and sale or return; rights of creditors.—

(1) Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is:

(a) A “sale on approval” if the goods are delivered primarily for use, and

(b) A “sale or return” if the goods are delivered primarily for resale.

(2) Goods held on approval are not subject to the claims of the buyer’s creditors until acceptance; goods held on sale or return are subject to such claims while in the buyer’s possession.

(3) Any “or return” term of a contract for sale is to be treated as a separate contract for sale within the statute of frauds section of this chapter (s. 672.201) and as contradicting the sale aspect of the contract within the provisions of this chapter on parol or extrinsic evidence (s. 672.202).

History.—s. 1, ch. 65-254; s. 572, ch. 97-102; s. 13, ch. 2001-198.

Note.—s. 2-326, U.C.C.

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Amendments to 672.326

Annotations, Discussions, Cases:

Cases Citing Statute 672.326

Total Results: 8

Gennet v. Oriental Rug Agency, Inc. (In Re Florida Consumer's Furniture Warehouse, Inc.)

9 B.R. 7

United States Bankruptcy Court, S.D. Florida. | Filed: Jan 28, 1981 | Docket: 1106194

Cited 7 times | Published

544.02. As defined by § 2-326 of the U.C.C., § 672.326(2) and (3), Florida Statutes, goods delivered

Georgia-Pacific Corp. v. Walter E. Heller & Co. Southeast

440 So. 2d 666, 37 U.C.C. Rep. Serv. (West) 735, 1983 Fla. App. LEXIS 24347

District Court of Appeal of Florida | Filed: Nov 18, 1983 | Docket: 1430556

Cited 6 times | Published

within the Florida Uniform Commercial Code, Section 672.326, Florida Statutes. No published Florida cases

Furr v. Corvette Experience, Inc. (In Re Corvette Collection of Boston, Inc.)

294 B.R. 409, 16 Fla. L. Weekly Fed. B 143, 51 U.C.C. Rep. Serv. 2d (West) 426, 50 Collier Bankr. Cas. 2d 743, 2003 Bankr. LEXIS 590

United States Bankruptcy Court, S.D. Florida. | Filed: Jun 11, 2003 | Docket: 1804642

Cited 3 times | Published

with the requirements set forth in Fla. Stat. § 672.326, the Debtor held the consigned Corvettes "sale

Bakst v. Wheeler Oil Co. (In Re Denmark Co.)

73 B.R. 325, 4 U.C.C. Rep. Serv. 2d (West) 68, 1987 Bankr. LEXIS 679

United States Bankruptcy Court, S.D. Florida. | Filed: Apr 3, 1987 | Docket: 1846337

Cited 2 times | Published

consignment contract and U.C.C. § 2-326 (Fla.Stat. § 672.326) is controlling in this instance. This section

Johnson Matthey Ltd. v. United Precious Metals, Inc. (In Re United Precious Metals, Inc.)

39 B.R. 14, 1984 Bankr. LEXIS 5998

United States Bankruptcy Court, S.D. Florida. | Filed: Mar 28, 1984 | Docket: 1836357

Cited 2 times | Published

not a consignment sale under the provisions of § 672.326, Florida Statutes (U.C.C. § 2-326), and even if

Lynch Austin Realty, Inc. v. Engler

647 So. 2d 988, 1994 WL 700669

District Court of Appeal of Florida | Filed: Dec 16, 1994 | Docket: 2551969

Cited 1 times | Published

for damages sustained by Lynch. We look to section 672.326, Florida Statutes (1991), for guidance in resolving

In Re Aquamarine USA, Inc.

330 B.R. 280, 58 U.C.C. Rep. Serv. 2d (West) 647, 2005 Bankr. LEXIS 1730, 45 Bankr. Ct. Dec. (CRR) 99

United States Bankruptcy Court, M.D. Florida | Filed: Sep 9, 2005 | Docket: 1847045

Published

Koetter constitutes a consignment sale pursuant to § 672.326 of the Florida Uniform Commercial Code. In a consignment

In re Hastings Marine Corp.

99 B.R. 98, 1989 Bankr. LEXIS 625, 1989 WL 41923

United States Bankruptcy Court, M.D. Florida | Filed: Apr 24, 1989 | Docket: 65779781

Published

making delivery complies with the provisions of § 672.326(3) of the Florida Statutes which provides that