Florida Statute 675.115 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 675
UNIFORM COMMERCIAL CODE: LETTERS OF CREDIT

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F.S. 675.115

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.

History.—s. 1, ch. 65-254; s. 619, ch. 97-102; s. 1, ch. 99-137.

Note.—s. 5-115, U.C.C.

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Amendments to 675.115

Annotations, Discussions, Cases:

Cases Citing Statute 675.115

Total Results: 2

Gathercrest Ltd. v. First American Bank & Trust

649 F. Supp. 106, 1985 U.S. Dist. LEXIS 18147

District Court, M.D. Florida | Filed: Jul 8, 1985 | Docket: 1198821

Cited 9 times | Published

held that UCC 5-115 (§ 675.5-115, re-numbered § 675.115), which provides for incidental damages, does

Fla. Nat. Bk. v. Alfred, Ann Goldstein Found., Inc.

327 So. 2d 110, 18 U.C.C. Rep. Serv. (West) 850

District Court of Appeal of Florida | Filed: Feb 10, 1976 | Docket: 2572495

Cited 3 times | Published

final judgment in favor of appellee holding that F.S. 675.115 and F.S. 672.710 afforded a basis for the award