Florida Statute 675.102 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 675
UNIFORM COMMERCIAL CODE: LETTERS OF CREDIT

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F.S. 675.102

675.102 Scope.—

(1) This chapter applies to letters of credit and to certain rights and obligations arising out of transactions involving letters of credit.

(2) The statement of a rule in this chapter does not by itself require, imply, or negate application of the same or a different rule to a situation not provided for, or to a person not specified, in this chapter.

(3) With the exception of this subsection, subsections (1) and (4), ss. 675.103(1)(i) and (j), 675.106(4), and 675.114(4), and except to the extent prohibited in ss. 671.102(2) and 675.117(4), the effect of this chapter may be varied by agreement or by a provision stated or incorporated by reference in an undertaking. A term in an agreement or undertaking generally excusing liability or generally limiting remedies for failure to perform obligations is not sufficient to vary obligations prescribed by this chapter.

(4) Rights and obligations of an issuer to a beneficiary or a nominated person under a letter of credit are independent of the existence, performance, or nonperformance of a contract or arrangement out of which the letter of credit arises or which underlies it, including contracts or arrangements between the issuer and the applicant and between the applicant and the beneficiary.

History.—s. 1, ch. 65-254; s. 1, ch. 99-137; s. 25, ch. 2007-134.

Note.—s. 5-102, U.C.C.

F.S. 675.102 on Google Scholar

F.S. 675.102 on Casetext

Amendments to 675.102

Arrestable Offenses / Crimes under Fla. Stat. 675.102

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 675.102.

Annotations, Discussions, Cases:

Cases Citing Statute 675.102

Total Results: 6

Briggs v. JUPITER HILLS LIGHTHOUSE MARINA

Court: District Court of Appeal of Florida | Date Filed: 2009-03-04

Citation: 9 So. 3d 29, 2009 A.M.C. 989, 2009 Fla. App. LEXIS 1868, 2009 WL 529521

Snippet: significant relationship with maritime commerce. Id. at 675, 102 S.Ct. 2654; see also Wilson v. Suzuki of Orange

Regions Bank v. Glendinning

Court: District Court of Appeal of Florida | Date Filed: 2007-06-27

Citation: 960 So. 2d 819, 2007 WL 1827627

Snippet: A., 885 So.2d 884, 889 (Fla. 4th DCA 2004); § 675.102(4), Fla. Stat. (2006). The trial court did not

Banco Do Brasil v. City Nat. Bank

Court: District Court of Appeal of Florida | Date Filed: 1992-12-01

Citation: 609 So. 2d 689, 17 U.C.C. Rep. Serv. 2d (West) 840, 1992 Fla. App. LEXIS 4748, 1992 WL 353672

Snippet: Swiss Credit Bank, 597 F.2d 146 (9th Cir.1979); §§ 675-102, 675-106, 675-114, Fla. Stat. (1981). Therefore

CITIBANK, NA v. Klein

Court: District Court of Appeal of Florida | Date Filed: 1981-03-24

Citation: 396 So. 2d 763, 31 U.C.C. Rep. Serv. (West) 650

Snippet: issuing a writ of prohibition. NOTES [1] Section 675.102(3), Florida Statutes (1979), specifically states:

Lewis State Bank v. Advance Mortg. Corp.

Court: District Court of Appeal of Florida | Date Filed: 1978-08-24

Citation: 362 So. 2d 406, 25 U.C.C. Rep. Serv. (West) 245, 1978 Fla. App. LEXIS 17204

Snippet: Letters of Credit, § 13, p. 409 (1970). [5] Section 675.102(3) (UCC 5-102(3)) provides: This chapter deals

AM. WOOD PROD., INC. v. Walter E. Heller & Co. Southeast

Court: District Court of Appeal of Florida | Date Filed: 1978-05-16

Citation: 358 So. 2d 1149

Snippet: Feldman v. Kings Highway Savings Bank, 303 N.Y. 675, 102 N.E.2d 835 (1951); Annot., 75 A.L.R.2d 1265 (1961);