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 a letter of credit is determined by article 2, 2A, or 5.
Source:Laws 2005, LB 570, § 94.
Prior Uniform Statutory Provision: Former section 7-509.
Changes: To reference article 2A.
To cross-refer to the articles of this code which deal with the substantive issues of the type of document of title required under the contract entered into by the parties.
Articles 2, 2A, and 5.
Definitional Cross References:
"Contract for sale". Section 2-106.
"Document of title". Section 1-201.
"Lease". Section 2A-103.