§ 7—401. Irregularities in issue of receipt or bill or conduct of issuer
§ 7—401. Irregularities in issue of receipt or bill or conduct of issuer The obligations imposed by this article on an issuer apply to a document of title even if: (1) the document does not comply with the requirements of this article or of any other statute, rule, or regulation regarding its issuance, form, or […]
§ 7—402. Duplicate document of title; overissue
§ 7—402. Duplicate document of title; overissue A duplicate or any other document of title purporting to cover goods already represented by an outstanding document of the same issuer does not confer any right in the goods, except as provided in the case of tangible bills of lading in a set of parts, overissue of […]
§ 7—403. Obligation of bailee to deliver; excuse
§ 7—403. Obligation of bailee to deliver; excuse (a) A bailee shall deliver the goods to a person entitled under a document of title if the person complies with subsections (b) and (c) of this section, unless and to the extent that the bailee establishes any of the following: (1) delivery of the goods to […]
§ 7—404. No liability for good-faith delivery pursuant to document of title
§ 7—404. No liability for good-faith delivery pursuant to document of title A bailee that in good faith has received goods and delivered or otherwise disposed of the goods according to the terms of a document of title or pursuant to this article is not liable for the goods even if: (1) the person from […]
§ 7—501. Form of negotiation and requirements of due negotiation
§ 7—501. Form of negotiation and requirements of due negotiation (a) The following rules apply to a negotiable tangible document of title: (1) If the document’s original terms run to the order of a named person, the document is negotiated by the named person’s indorsement and delivery. After the named person’s indorsement in blank or […]
§ 7—502. Rights acquired by due negotiation
§ 7—502. Rights acquired by due negotiation (a) Subject to sections 7—205 and 7—503 of this title, a holder to which a negotiable document of title has been duly negotiated acquires thereby: (1) title to the document; (2) title to the goods; (3) all rights accruing under the law of agency or estoppel, including rights […]
§ 7—503. Document of title to goods defeated in certain cases
§ 7—503. Document of title to goods defeated in certain cases (a) A document of title confers no right in goods against a person that before issuance of the document had a legal interest or a perfected security interest in the goods and that did not: (1) deliver or entrust the goods or any document […]
§ 7—504. Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery
§ 7—504. Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery (a) A transferee of a document of title, whether negotiable or nonnegotiable, to which the document has been delivered but not duly negotiated, acquires the title and rights that its transferor had or had actual authority to convey. (b) In […]
§ 7—304. Tangible bills of lading in a set
§ 7—304. Tangible bills of lading in a set (a) Except as customary in international transportation, a tangible bill of lading may not be issued in a set of parts. The issuer is liable for damages caused by violation of this subsection. (b) If a tangible bill of lading is lawfully issued in a set […]
§ 7—305. Destination bills
§ 7—305. Destination bills (a) Instead of issuing a bill of lading to the consignor at the place of shipment, a carrier, at the request of the consignor, may procure the bill to be issued at destination or at any other place designated in the request. (b) Upon request of any person entitled as against […]