Florida § 680.407 Irrevocable promises: finance leases

Florida Statutes

§ 680.407 — Irrevocable promises: finance leases

Florida § 680.407

TitleXXXIX

Ch. 680UNIFORM COMMERCIAL CODE: LEASES

This text of Florida § 680.407 (Irrevocable promises: finance leases) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 680.407 (2026).

Text

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.