The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 672
UNIFORM COMMERCIAL CODE: SALES

View Entire Chapter

F.S. 672.609

672.609 Right to adequate assurance of performance.—

(1) A contract for sale imposes an obligation on each party that the other’s expectation of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of either party the other may in writing demand adequate assurance of due performance and until he or she receives such assurance may if commercially reasonable suspend any performance for which he or she has not already received the agreed return.

(2) Between merchants the reasonableness of grounds for insecurity and the adequacy of any assurance offered shall be determined according to commercial standards.

(3) Acceptance of any improper delivery or payment does not prejudice the aggrieved party’s right to demand adequate assurance of future performance.

(4) After receipt of a justified demand failure to provide within a reasonable time not exceeding 30 days such assurance of due performance as is adequate under the circumstances of the particular case is a repudiation of the contract.

History.—s. 1, ch. 65-254; s. 594, ch. 97-102.

Note.—s. 2-609, U.C.C.

F.S. 672.609 on Google Scholar

F.S. 672.609 on Casetext

Amendments to 672.609

Arrestable Offenses / Crimes under Fla. Stat. 672.609

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 672.609.

Annotations, Discussions, Cases:

Cases from cite.case.law:

J. CAFARO, v. ZOIS,, 693 F. App'x 810 (11th Cir. 2017)

. . . Section 672.609, Florida Statutes, states, “When reasonable grounds for insecurity arise with respect . . . Stat. § 672.609; see Hosp. Mortg. Grp. v. First Prudential Dev. . . .

EXIM BRICKELL LLC, a v. PDVSA SERVICES INC. a S. A. a, 516 F. App'x 742 (11th Cir. 2013)

. . . Bariven takes the position that Exim lost the right to demand adequate assurances under section 672.609 . . . Stat. § 672.609. . . . Stat. section 672.609 looks only to objective, external communications and not internal plans. . . . Stat. sections 672.609 and 672.610 is not made clear in the statutes, both parties conceded in their . . . Stat. section 672.609 and addressed supra. . . .

CAROLINA CONSULTING CORP. d b a v. AJAX PAVING INDUSTRIES, INC. OF FLORIDA,, 86 So. 3d 502 (Fla. Dist. Ct. App. 2012)

. . . . § 672.609(1), Fla. Stat. (2005). . . . . § 672.609(4). . . .

VALIDSA, INC. a d. b. a. d. b. a. S. A. v. PDVSA SERVICES, INC. a S. A. a, 424 F. App'x 862 (11th Cir. 2011)

. . . Id. § 672.609(2). . . . Id. § 672.609(4). . . . Id. § 672.609(2). . . . Id. § 672.609(4). . . . Stat. § 672.609(4). . . .

VALIDSA, INC. d b a S. A. a v. PDVSA SERVICES INC. a S. A. a, 632 F. Supp. 2d 1219 (S.D. Fla. 2009)

. . . . § 672.609(1). . . . Stat. § 672.609(2). . . . Stat. § 672.609 cmt. n. 8; see also Clem Perrin Marine Towing, Inc. v. Pan. . . . Stat. § 672.609 cmt. n. 3; see also Nat’l Farmers Org. v. . . . Stat. § 672.609. . . .

In JW ALUMINUM COMPANY,, 200 B.R. 64 (Bankr. M.D. Fla. 1996)

. . . future performances pursuant to section 2-609 of the Uniform Commercial Code as adopted by section 672.609 . . . governed by the Article of Sales of the UCC, particularly 2-609, as adopted in this State by section 672.609 . . .

FUTURE TECH INTERNATIONAL, INC. a v. TAE IL MEDIA, LTD. IL U. S. A., 944 F. Supp. 1538 (S.D. Fla. 1996)

. . . . § 672.609 to demand adequate assurances of Plaintiffs future performance. . . .

FORD MOTOR CREDIT COMPANY, v. ALACHUA TRADING COMPANY, INC. G., 531 So. 2d 982 (Fla. Dist. Ct. App. 1988)

. . . its security interest has been impaired so as to constitute a breach of the agreement under section 672.609 . . . Section 672.609, Florida Statutes, authorizes a demand for assurance of performance when grounds for . . . M/V Lamma-Forest, 821 F.2d 48 (1st Cir.1987); section 672.609(4), Florida Statutes. . . . Appellant’s failure to comply with section 672.609 precludes a declaration of breach. . . .