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Florida Statute 672.402 - Full Text and Legal Analysis
Florida Statute 672.402 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 672.402 Case Law from Google Scholar Google Search for Amendments to 672.402

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 672
UNIFORM COMMERCIAL CODE: SALES
View Entire Chapter
F.S. 672.402
672.402 Rights of seller’s creditors against sold goods.
(1) Except as provided in subsections (2) and (3), rights of unsecured creditors of the seller with respect to goods which have been identified to a contract for sale are subject to the buyer’s rights to recover the goods under this chapter (ss. 672.502 and 672.716).
(2) A creditor of the seller may treat a sale or an identification of goods to a contract for sale as void if as against him or her a retention of possession by the seller is fraudulent under any rule of law of the state where the goods are situated, except that retention of possession in good faith and current course of trade by a merchant-seller for a commercially reasonable time after a sale or identification is not fraudulent.
(3) Nothing in this chapter shall be deemed to impair the rights of creditors of the seller:
(a) Under the provisions of the chapter on secured transactions (chapter 679); or
(b) Where identification to the contract or delivery is made not in current course of trade but in satisfaction of or as security for a preexisting claim for money, security or the like and is made under circumstances which under any rule of law of the state where the goods are situated would apart from this chapter constitute the transaction a fraudulent transfer or voidable preference.
History.s. 1, ch. 65-254; s. 575, ch. 97-102.
Note.s. 2-402, U.C.C.

F.S. 672.402 on Google Scholar

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Amendments to 672.402


Annotations, Discussions, Cases:

Cases Citing Statute 672.402

Total Results: 1

Faircloth v. Bouchard (In Re the International Gold Bullion Exchange, Inc.)

53 B.R. 660, 42 U.C.C. Rep. Serv. (West) 156, 1985 Bankr. LEXIS 5243

United States Bankruptcy Court, S.D. Florida. | Filed: Sep 30, 1985 | Docket: 1856601

Cited 8 times | Published

DCA 1972). This case is an interpretation of Section 672.402, Fla.Stat. Identification of the goods to the