California Laws: Commercial Code Sections 7501-7509
- California Laws: Commercial Code Section 7501
(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...
- California Laws: Commercial Code Section 7502
(a) Subject to Sections 7205 and 7503, a holder to which a negotiable document of title has been duly negotiated acquires thereby: (1) title to...
- California Laws: Commercial Code Section 7503
(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...
- California Laws: Commercial Code Section 7504
(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...
- California Laws: Commercial Code Section 7505
The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or...
- California Laws: Commercial Code Section 7506
The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary indorsement, but the transfer...
- California Laws: Commercial Code Section 7507
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, unless otherwise agreed, the...
- California Laws: Commercial Code Section 7508
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or...
- California Laws: Commercial Code Section 7509
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...
