Florida Statute 672.403 | Lawyer Caselaw & Research

The 2024 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.

F.S. 672.403 on Google Scholar

F.S. 672.403 on Casetext

Amendments to 672.403

Arrestable Offenses / Crimes under Fla. Stat. 672.403

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 672.403.

Annotations, Discussions, Cases:

Cases Citing Statute 672.403

Total Results: 17

SANTANA EQUESTRIAN PRIVATE FINANCIAL, LLC v. TIFFANY RICHTMYER

Court: District Court of Appeal of Florida | Date Filed: 2022-09-14

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

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

Court: District Court of Appeal of Florida | Date Filed: 2005-06-22

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

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

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

Court: District Court of Appeal of Florida | Date Filed: 1998-09-04

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

Snippet: full satisfaction by Groundworks. §§ 672.401(2), 672.403, Fla. Stat. (1993). There is no competent evidence

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

Court: District Court of Appeal of Florida | Date Filed: 1995-09-15

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

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

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

Court: District Court of Appeal of Florida | Date Filed: 1993-01-19

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

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

Green Tree Acceptance, Inc. v. Zimerman

Court: District Court of Appeal of Florida | Date Filed: 1993-01-13

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

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

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

Court: District Court of Appeal of Florida | Date Filed: 1992-01-28

Citation: 593 So. 2d 560, 1992 WL 12148

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

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

Court: District Court of Appeal of Florida | Date Filed: 1984-06-07

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

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

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

Court: District Court of Appeal of Florida | Date Filed: 1983-11-18

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

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

Car Exchange, Inc. v. Allstate Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 1983-07-20

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

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

Florida Dept. of Corrections v. BLOUNT, ETC.

Court: District Court of Appeal of Florida | Date Filed: 1982-03-18

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

Snippet: for value under the Uniform Commercial Code (§ 672.403, Fla. Stat.). We find DOC's argument to be correct

Carlsen v. Rivera

Court: District Court of Appeal of Florida | Date Filed: 1980-04-16

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

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

Milnes v. General Elec. Credit Corp.

Court: District Court of Appeal of Florida | Date Filed: 1979-11-20

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

Snippet: Trust Co., 235 So.2d 20 (Fla. 4th DCA 1970); §§ 672.403(1)-(2), Fla. Stat. (1977); see also Stroman v.

Everglades Marina v. American Eastern Dev. Corp.

Court: Supreme Court of Florida | Date Filed: 1979-07-26

Citation: 374 So. 2d 517

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

O'NEILL v. Barnett Bank of Jacksonville, NA

Court: District Court of Appeal of Florida | Date Filed: 1978-06-30

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

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

De La Rosa v. Tropical Sandwiches, Inc.

Court: District Court of Appeal of Florida | Date Filed: 1974-07-12

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

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

Grimm v. Prudence Mutual Casualty Company

Court: Supreme Court of Florida | Date Filed: 1971-01-13

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

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