Florida Statutes
Fla. Stat. § 675.115 (2025)
Statute of limitations.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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675.115 Statute of limitations.—An action to enforce a right or obligation arising under this chapter must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 year after the cause of action accrues, whichever occurs later. A cause of action accrues when the breach occurs, regardless of the aggrieved party’s lack of knowledge of the breach.
Note.—s. 5-115, U.C.C.
Notes of Decisions
Cited in 2
cases, 1976–2001 · leading case: Fla. Nat. Bk. v. Alfred, Ann Goldstein Found., Inc., 327 So. 2d 110 (Fla. 1st DCA 1976).
Fla. Nat. Bk. v. Alfred, Ann Goldstein Found., Inc., 327 So. 2d 110 (Fla. 1st DCA 1976). “The learned trial judge entered a summary final judgment in favor of appellee holding that F.S. 675.115 and F.S. 672.710 afforded a basis for the award of attorneys' fees although no provision therefor is found in the letter of credit the dishonor of which resulted in the…”
Hamilton Bank, N.A. v. Kookmin Bank, 245 F.3d 82 (2d Cir. 2001). “at 21 (citing Fla Stat.Ann. § 675.115(1)). In Chase Manhattan, we allowed the plaintiff to argue that the district court selected the wrong date for the beginning of the damages period because the plaintiff “raise[d] that argument [on appeal] by way of a challenge to an aspect…”
— 675.115(1) — 1 case
Hamilton Bank, N.A. v. Kookmin Bank, 245 F.3d 82 (2d Cir. 2001). “at 21 (citing Fla Stat.Ann. § 675.115(1)). In Chase Manhattan, we allowed the plaintiff to argue that the district court selected the wrong date for the beginning of the damages period because the plaintiff “raise[d] that argument [on appeal] by way of a challenge to an aspect…”
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