§ 680.407, Fla. Stat. · Part IV. PERFORMANCE OF LEASE CONTRACT:REPUDIATED, SUBSTITUTED, AND EXCUSED
Irrevocable promises: finance leases.
Text — 2026 Florida Statutes
(1) In the case of a finance lease that is not a consumer lease, the lessee’s promises under the lease contract become irrevocable and independent upon the lessee’s acceptance of the goods.
(2) A promise that has become irrevocable and independent under subsection (1):
(a) Is effective and enforceable between the parties, and by or against third parties including assignees of the parties.
(b) Is not subject to cancellation, termination, modification, repudiation, excuse, or substitution without the consent of the party to whom the promise runs.
(3) This section shall not affect the validity under any other law of a covenant in any lease contract making the lessee’s promises irrevocable and independent upon the lessee’s acceptance of the goods.
Notes and commentary — not statutory text
History
s. 1, ch. 90-278.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0680/0680.html
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- sha256 85aa9ffd5cf0861037129c3eedba9a9a906eadc3208e576fb04a587909f4d1a8
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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