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§ 11-7-501 - Form of Negotiation and Requirements of Due Negotiation
(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...
§ 11-7-502 - Rights Acquired by Due Negotiation
(a) Subject to Code Sections 11-7-205 and 11-7-503, a holder to which a negotiable document of title has been duly negotiated acquires thereby: (1)...
§ 11-7-503 - Document of Title to Goods Defeated in Certain Cases
(a) A document of title confers no right in goods against a person that before issuance of the document had a legal interest or...
§ 11-7-504 - Rights Acquired in the Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery
(a) A transferee of a document of title, whether negotiable or nonnegotiable, to which the document has been delivered but not duly negotiated, acquires...
§ 11-7-505 - Indorser Not Guarantor for Other Parties
The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee...
§ 11-7-506 - Delivery Without Indorsement; Right to Compel Indorsement
The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary indorsement, but the...
§ 11-7-507 - Warranties on Negotiation or Delivery of Document of Title
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Code Section 11-7-508, unless otherwise...
§ 11-7-508 - Warranties of Collecting Bank As to Documents of Title
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft...
§ 11-7-509 - Adequate Compliance With Commercial Contract
Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of...
Last modified: October 14, 2016