California Commercial Code CHAPTER 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer

• Section 7501.
  (a) The following rules apply to a negotiable tangible document of title:(1) If the document’s original terms run to the order of a named person, the document...
• Section 7502.
  (a) Subject to Sections 7205 and 7503, a holder to which a negotiable document of title has been duly negotiated acquires thereby:(1) title to the document;(2) title to...
• Section 7503.
  (a) A document of title confers no right in goods against a person that before issuance of the document had a legal interest or a perfected...
• Section 7504.
  (a) A transferee of a document of title, whether negotiable or nonnegotiable, to which the document has been delivered but not duly negotiated, acquires the title...
• Section 7505.
  The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or...
• Section 7506.
  The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary indorsement, but the transfer...
• Section 7507.
  If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, unless otherwise agreed, the...
• Section 7508.
  A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or...
• Section 7509.
  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...

Last modified: October 22, 2018