Whether a document of title is adequate to fulfill the obligations of a contract for sale or a contract for lease or the conditions of a letter of credit is determined by AS 45.02, AS 45.05, or AS 45.12.
Structure Alaska Statutes
Chapter 07. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Article 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
Sec. 45.07.501. Form of negotiation and requirements of due negotiation.
Sec. 45.07.502. Rights acquired by due negotiation.
Sec. 45.07.503. Document of title to goods defeated in certain cases.
Sec. 45.07.505. Endorser not guarantor for other parties.
Sec. 45.07.506. Delivery without endorsement; right to compel endorsement.
Sec. 45.07.507. Warranties on negotiation or delivery of document of title.
Sec. 45.07.508. Warranties of collecting bank as to documents of title.
Sec. 45.07.509. Adequate compliance with commercial contract.