Adequate compliance with commercial contract.

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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 article 2, 2A or 5.

(1959, P.A. 133, S. 7-509; P.A. 04-64, S. 37.)

History: P.A. 04-64 amended section to adopt the 2003 Revision of Uniform Commercial Code Article 7-Documents of Title.


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