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The Florida Statutes

The 2000 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 672
Uniform Commercial Code: Sales
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Section 672.502, Florida Statutes 2000

672.502  Buyer's right to goods on seller's insolvency.--

(1)  Subject to subsection (2) and even though the goods have not been shipped a buyer who has paid a part or all of the price of goods in which she or he has a special property under the provisions of the immediately preceding section may on making and keeping good a tender of any unpaid portion of their price recover them from the seller if the seller becomes insolvent within ten days after receipt of the first installment on their price.

(2)  If the identification creating her or his special property has been made by the buyer she or he acquires the right to recover the goods only if they conform to the contract for sale.

History.--s. 1, ch. 65-254; s. 578, ch. 97-102.

Note.--s. 2-502, U.C.C.