§ 672.103, Fla. Stat. · Part I. SHORT TITLE, GENERAL CONSTRUCTION,AND SUBJECT MATTER
Definitions and index of definitions.
Text — 2026 Florida Statutes
(1) In this chapter unless the context otherwise requires:
(a) “Buyer” means a person who buys or contracts to buy goods.
(b) “Good faith” in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
(c) “Receipt” of goods means taking physical possession of them.
(d) “Seller” means a person who sells or contracts to sell goods.
(2) Other definitions applying to this chapter, or to specified parts thereof, and the sections in which they appear are:
“Acceptance,” s. 672.606.
“Banker’s credit,” s. 672.325.
“Between merchants,” s. 672.104.
“Cancellation,” s. 672.106(4).
“Commercial unit,” s. 672.105.
“Confirmed credit,” s. 672.325.
“Conforming to contract,” s. 672.106.
“Contract for sale,” s. 672.106.
“Cover,” s. 672.712.
“Entrusting,” s. 672.403.
“Financing agency,” s. 672.104.
“Future goods,” s. 672.105.
“Goods,” s. 672.105.
“Identification,” s. 672.501.
“Installment contract,” s. 672.612.
“Letter of credit,” s. 672.325.
“Lot,” s. 672.105.
“Merchant,” s. 672.104.
“Overseas,” s. 672.323.
“Person in position of seller,” s. 672.707.
“Present sale,” s. 672.106.
“Sale,” s. 672.106.
“Sale on approval,” s. 672.326.
“Sale or return,” s. 672.326.
“Termination,” s. 672.106.
(3) The following definitions in other chapters apply to this chapter:
“Check,” s. 673.1041.
“Consignee,” s. 677.102.
“Consignor,” s. 677.102.
“Consumer goods,” s. 679.1021.
“Control,” s. 677.106.
“Dishonor,” s. 673.5021.
“Draft,” s. 673.1041.
(4) In addition chapter 671 contains general definitions and principles of construction and interpretation applicable throughout this chapter.
Notes and commentary — not statutory text
History
s. 1, ch. 65-254; s. 5, ch. 92-82; s. 11, ch. 2001-198; s. 5, ch. 2010-131; s. 152, ch. 2025-92.
Note
Note.—s. 2-103, U.C.C.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0672/0672.html
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- Fla. Stat. ch. 671UNIFORM COMMERCIAL CODE: GENERAL PROVISIONSPrinted as chapter 671
- § 672.104, Fla. Stat.Definitions: “merchant”; “between merchants”; “financing agency.”Printed as s. 672.104
- § 672.105, Fla. Stat.Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit.”Printed as s. 672.105
- § 672.106, Fla. Stat.Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation”; “hybrid transaction.”Printed as s. 672.106; s. 672.106(4)
Cited by 3 provisions
Provisions in this library whose text cites § 672.103, Fla. Stat.. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.