§ 7-601. Lost and missing documents
(1) If a document has been lost, stolen or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liability to any person comply with such order. If the document was negotiable the claimant must post security approved by the court to indemnify any person […]
§ 7-602. Attachment of goods covered by a negotiable document
Except where the document was originally issued upon delivery of the goods by a person who had no power to dispose of them, no lien attaches by virtue of any judicial process to goods in the possession of a bailee for which a negotiable document of title is outstanding unless the document be first surrendered […]
§ 7-603. Conflicting claims; interpleader
If more than one person claims title or possession of the goods, the bailee is excused from delivery until he has had a reasonable time to ascertain the validity of the adverse claims or to bring an action to compel all claimants to interplead and may compel such interpleader, either in defending an action for […]
§ 7-505. Indorser not a guarantor for other parties
The indorsement of a document of title issued by a bailee does not make the indorser liable for any default by the bailee or by previous indorsers.
§ 7-506. Delivery without indorsement: right to compel indorsement
The transferee of a negotiable document of title has a specifically enforceable right to have his transferor supply any necessary indorsement but the transfer becomes a negotiation only as of the time the endorsement is supplied.
§ 7-507. Warranties on negotiation or transfer of receipt or bill
Where a person negotiates or transfers a document of title for value otherwise than as a mere intermediary under the next following section, then unless otherwise agreed he warrants to his immediate purchaser only in addition to any warranty made in selling the goods (a) that the document is genuine; and (b) that he has […]
§ 7-508. Warranties of collecting bank as to documents
A collecting bank or other intermediary known to be entrusted with documents on behalf of another or with collection of a draft or other claim against delivery of documents warrants by such delivery of the documents only its own good faith and authority. This rule applies even though the intermediary has purchased or made advances […]
§ 7-509. Receipt or bill; when adequate compliance with commercial contract
The question whether a document is adequate to fulfill the obligations of a contract for sale or the conditions of a credit is governed by the articles on Sales (art. 2) and on Letters of Credit (art. 5).
§ 7-503. Document of title to goods defeated in certain cases
(1) A document of title confers no right in goods against a person who before issuance of the document had a legal interest or a perfected security interest in them and who neither (a) delivered or entrusted them or any document of title covering them to the bailor or his nominee with actual or apparent […]
§ 7-504. Rights acquired in the absence of due negotiation; effect of diversion; seller’s stoppage of delivery
(1) A transferee of a document, whether negotiable or non-negotiable, to whom the document has been delivered but not duly negotiated, acquires the title and rights which his transferor had or had actual authority to convey. (2) In the case of a non-negotiable document, until but not after the bailee receives notification of the transfer, […]