Florida Statute 672.403 - 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. 672.403

672.403 Power to transfer; good faith purchase of goods; “entrusting.”—

(1) A purchaser of goods acquires all title which her or his transferor had or had power to transfer except that a purchaser of a limited interest acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faith purchaser for value. When goods have been delivered under a transaction of purchase the purchaser has such power even though:

(a) The transferor was deceived as to the identity of the purchaser, or

(b) The delivery was in exchange for a check which is later dishonored, or

(d) The delivery was procured through fraud punishable as larcenous under the criminal law.

(2) Any entrusting of possession of goods to a merchant who deals in goods of that kind gives the merchant power to transfer all rights of the entruster to a buyer in ordinary course of business.

(3) “Entrusting” includes any delivery and any acquiescence in retention of possession regardless of any condition expressed between the parties to the delivery or acquiescence and regardless of whether the procurement of the entrusting or the possessor’s disposition of the goods have been such as to be larcenous under the criminal law.

(4) The rights of other purchasers of goods and of lien creditors are governed by the chapters on secured transactions (chapter 679) and documents of title (chapter 677).

History.—s. 1, ch. 65-254; s. 2, ch. 93-77; s. 576, ch. 97-102.

Note.—s. 2-403, U.C.C.; supersedes s. 673.09.

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Amendments to 672.403

Annotations, Discussions, Cases:

Cases Citing Statute 672.403

Total Results: 21

Everglades Marina v. American Eastern Dev. Corp.

374 So. 2d 517

Supreme Court of Florida | Filed: Jul 26, 1979 | Docket: 2052503

Cited 29 times | Published

interests because of wrongdoing by the seller. See section 672.403(1), Florida Statutes (1977). We note that a

Grimm v. Prudence Mutual Casualty Company

243 So. 2d 140, 8 U.C.C. Rep. Serv. (West) 829

Supreme Court of Florida | Filed: Jan 13, 1971 | Docket: 1527883

Cited 12 times | Published

inapplicable to the present case. *143 Fla. Stat. § 672.403 (1969) states that a purchaser of goods acquires

Carlsen v. Rivera

382 So. 2d 825, 29 U.C.C. Rep. Serv. (West) 500

District Court of Appeal of Florida | Filed: Apr 16, 1980 | Docket: 1674615

Cited 9 times | Published

of the Florida Uniform Commercial Code is Section 672.403, Florida Statutes (1977), which provides: Power

O'NEILL v. Barnett Bank of Jacksonville, NA

360 So. 2d 150, 24 U.C.C. Rep. Serv. (West) 779

District Court of Appeal of Florida | Filed: Jun 30, 1978 | Docket: 1474885

Cited 8 times | Published

estoppel argument is without merit because Section 672.403, Florida Statutes (1975), applies only to financing

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

does not prevent passage of title pursuant to Section 672.403(2), Florida Statutes, neither should a hidden

Florida Dept. of Corrections v. BLOUNT, ETC.

411 So. 2d 930, 33 U.C.C. Rep. Serv. (West) 912, 1982 Fla. App. LEXIS 19512

District Court of Appeal of Florida | Filed: Mar 18, 1982 | Docket: 1697026

Cited 6 times | Published

However, it has been consistently held that Section 672.403 is not in direct conflict with the provisions

De La Rosa v. Tropical Sandwiches, Inc.

298 So. 2d 471, 15 U.C.C. Rep. Serv. (West) 595, 1974 Fla. App. LEXIS 8906

District Court of Appeal of Florida | Filed: Jul 12, 1974 | Docket: 1730173

Cited 6 times | Published

purchaser, obtained good title to the property. Section 672.403, Fla. Stat., F.S.A. Neither the contract of

Green Tree Acceptance, Inc. v. Zimerman

611 So. 2d 608, 19 U.C.C. Rep. Serv. 2d (West) 1077, 1993 Fla. App. LEXIS 93, 1992 WL 401967

District Court of Appeal of Florida | Filed: Jan 13, 1993 | Docket: 1757410

Cited 5 times | Published

his transferor had or had power to transfer. § 672.403(1), Fla. Stat. (1989). A person acquiring a motor

Milnes v. General Elec. Credit Corp.

377 So. 2d 725, 27 U.C.C. Rep. Serv. (West) 1428

District Court of Appeal of Florida | Filed: Nov 20, 1979 | Docket: 2542869

Cited 4 times | Published

thereof was larcenous under the criminal law. § 672.403(3), Fla. Stat. (1977). A buyer in the ordinary

Quaker Oats Co. v. Affiliated of Florida, Inc. (In Re Affiliated of Florida, Inc.)

237 B.R. 495, 42 Collier Bankr. Cas. 2d 955, 12 Fla. L. Weekly Fed. B 338, 39 U.C.C. Rep. Serv. 2d (West) 997, 1998 Bankr. LEXIS 1877, 1998 WL 1107972

United States Bankruptcy Court, M.D. Florida | Filed: Jul 7, 1998 | Docket: 1475353

Cited 2 times | Published

interest constitutes a good faith purchaser under § 672.403 of the Florida Statutes. I. The statutes. Section

Orlando Dodge, Inc. v. First Union Nat. Bank

661 So. 2d 322, 27 U.C.C. Rep. Serv. 2d (West) 1222, 1995 Fla. App. LEXIS 9714, 1995 WL 544150

District Court of Appeal of Florida | Filed: Sep 15, 1995 | Docket: 1526376

Cited 2 times | Published

Green Tree involved the interpretation of section 672.403(2), Florida Statutes (1989), part of Florida's

Florida E. Coast Prop., Inc. v. Best Contract Furnishings, Inc.

593 So. 2d 560, 1992 WL 12148

District Court of Appeal of Florida | Filed: Jan 28, 1992 | Docket: 107155

Cited 2 times | Published

Uniform Laws Annot. (Supp. 1991), at 286. Section 672.403 provides, in pertinent part: (1) A purchaser

In Re Orange Rose, LLC

446 B.R. 543, 23 Fla. L. Weekly Fed. B 6, 2011 Bankr. LEXIS 513, 2011 WL 521431

United States Bankruptcy Court, M.D. Florida | Filed: Feb 16, 2011 | Docket: 2068509

Cited 1 times | Published

court, the entrustment provision contained in section 672.403 does not apply "unless the lien holder entrusts

Alamo Rent-A-Car, Inc. v. Williamson Cadillac Co.

613 So. 2d 517, 19 U.C.C. Rep. Serv. 2d (West) 1080, 1993 Fla. App. LEXIS 157, 1993 WL 8884

District Court of Appeal of Florida | Filed: Jan 19, 1993 | Docket: 1511372

Cited 1 times | Published

invocation of the exception to that rule contained in § 672.403(2) is to no avail. That provision states: (2)

Brown & Root, Inc. v. Ring Power Corp.

450 So. 2d 1245, 38 U.C.C. Rep. Serv. (West) 775

District Court of Appeal of Florida | Filed: Jun 7, 1984 | Docket: 1434103

Cited 1 times | Published

Rivera, 382 So.2d 825 (Fla. 4th DCA 1980); see § 672.403, Fla. Stat. (1981). The reasoning that Ring's

SANTANA EQUESTRIAN PRIVATE FINANCIAL, LLC v. TIFFANY RICHTMYER

District Court of Appeal of Florida | Filed: Sep 14, 2022 | Docket: 65346514

Published

Rivera, 382 So. 2d 825 (Fla. 4th DCA 1980), and section 672.403, Florida Statutes (2020) – a provision of Florida’s

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

to deliver the title documents later. Section § 672.403 of the Florida Uniform Commercial Code addresses

Maroone Chevrolet, L.L.C. v. Suntrust Bank

904 So. 2d 618, 2005 Fla. App. LEXIS 9714, 2005 WL 1458751

District Court of Appeal of Florida | Filed: Jun 22, 2005 | Docket: 64839070

Published

complaint, an entrustment as contemplated by section '672.403(2), Florida Statutes, occurred between Maroone

In Re Aquamarine USA Inc.

319 B.R. 270, 18 Fla. L. Weekly Fed. B 31, 56 U.C.C. Rep. Serv. 2d (West) 309, 2004 Bankr. LEXIS 1909, 2004 WL 2937300

United States Bankruptcy Court, M.D. Florida | Filed: Oct 6, 2004 | Docket: 86376

Published

conflicts with Seller's ownership interest. Section 672.403(2), Florida Statutes, provides: Any entrusting

Le Dauphin Condominium Ass'n v. Groundworks of Palm Beach County, Inc.

719 So. 2d 13, 1998 Fla. App. LEXIS 11852, 1998 WL 640319

District Court of Appeal of Florida | Filed: Sep 4, 1998 | Docket: 64783486

Published

check which had been accepted by Groundworks. Section 672.403(l)(a), Florida Statutes (1993), provides: (1)

Car Exchange, Inc. v. Allstate Insurance Co.

435 So. 2d 911, 1983 Fla. App. LEXIS 22364

District Court of Appeal of Florida | Filed: Jul 20, 1983 | Docket: 64598828

Published

replevin action. We reverse upon authority of Section 672.403 (1977) and Carlsen v. Rivera, 382 So.2d 825