Subject to Sections 75-7-205 and 75-7-503, a holder to which a negotiable document of title has been duly negotiated acquires thereby:
Subject to Section 75-7-503, title and rights acquired by due negotiation are not defeated by any stoppage of the goods represented by the document of title or by surrender of the goods by the bailee and are not impaired even if:
The due negotiation or any prior negotiation constituted a breach of duty;
Any person has been deprived of possession of a negotiable tangible document or control of a negotiable electronic document by misrepresentation, fraud, accident, mistake, duress, loss, theft, or conversion; or
A previous sale or other transfer of the goods or document has been made to a third person.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 7 - Uniform Commercial Code-Documents of Title
Part 5 - . Warehouse Receipts and Bills of Lading: Negotiation and Transfer
§ 75-7-502. Rights acquired by due negotiation
§ 75-7-503. Document of title to goods defeated in certain cases
§ 75-7-505. Indorser not a guarantor for other parties
§ 75-7-506. Delivery without indorsement; right to compel indorsement
§ 75-7-507. Warranties on negotiation or delivery of document of title
§ 75-7-508. Warranties of collecting bank as to documents
§ 75-7-509. Receipt or bill: when adequate compliance with commercial contract