Sec. 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 a letter of credit is determined by Chapter 2, 2A, or 5.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.
Amended by:
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 7 - Documents of Title
Subchapter E. Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 7.501. Form of Negotiation and Requirements of Due Negotiation
Section 7.502. Rights Acquired by Due Negotiation
Section 7.503. Document of Title to Goods Defeated in Certain Cases
Section 7.505. Indorser Not Guarantor for Other Parties
Section 7.506. Delivery Without Indorsement; Right to Compel Indorsement
Section 7.507. Warranties on Negotiation or Delivery of Document of Title
Section 7.508. Warranties of Collecting Bank as to Documents of Title