Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by the chapters on sales (Chapter 2), leases (Chapter 2A), and on letters of credit (Chapter 5).

HISTORY: 1962 Code Section 10.7-509; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.

Editor's Note

2014 Act No. 213, Section 51, provides as follows:

"SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date."

Part 6

Warehouse Receipts and Bills of Lading: Miscellaneous Provisions