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Florida Statute 672.603 - Full Text and Legal Analysis
Florida Statute 672.603 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 672.603 Case Law from Google Scholar Google Search for Amendments to 672.603

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 672
UNIFORM COMMERCIAL CODE: SALES
View Entire Chapter
F.S. 672.603
672.603 Merchant buyer’s duties as to rightfully rejected goods.
(1) Subject to any security interest in the buyer (s. 672.711(3)) when the seller has no agent or place of business at the market of rejection a merchant buyer is under a duty after rejection of goods in her or his possession or control to follow any reasonable instructions received from the seller with respect to the goods and in the absence of such instructions to make reasonable efforts to sell them for the seller’s account if they are perishable or threaten to decline in value speedily. Instructions are not reasonable if on demand indemnity for expenses is not forthcoming.
(2) When the buyer sells goods under subsection (1), she or he is entitled to reimbursement from the seller or out of the proceeds for reasonable expenses of caring for and selling them, and if the expenses include no selling commission then to such commission as is usual in the trade or if there is none to a reasonable sum not exceeding 10 percent on the gross proceeds.
(3) In complying with this section the buyer is held only to good faith and good faith conduct hereunder is neither acceptance nor conversion nor the basis of an action for damages.
History.s. 1, ch. 65-254; s. 588, ch. 97-102.
Note.s. 2-603, U.C.C.

F.S. 672.603 on Google Scholar

F.S. 672.603 on CourtListener

Amendments to 672.603


Annotations, Discussions, Cases:

Cases Citing Statute 672.603

Total Results: 1

Matter of East Coast Brokers and Packers, Inc.

120 B.R. 221, 1990 Bankr. LEXIS 2182, 1990 WL 155723

United States Bankruptcy Court, M.D. Florida | Filed: Oct 12, 1990 | Docket: 1504796

Published

account of Gonzales. See generally, Fla.Stat. § 672.603. This testimony was countered by Tim Horwath (Horwath)