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 Article 2, 2A, or 5. Warehouse Receipts and Bills of Lading: Miscellaneous Provisions. Part 6. “Lease”. Section 2A-103. “Document of title”. Section 1-201. Definitional Cross References: “Contract for sale”. Section 2-106. Cross References: Articles 2, 2A and 5. Purposes: To cross-refer to the Articles of this Act which deal with the substantive issues of the type of document of title required under the contract entered into by the parties. Changes: To reference Article 2A. Prior Uniform Statutory Provision: Former Section 7-509. “Document”. Section 7-102. Definitional Cross References: “Contract for sale”. Section 2-106. Cross References: Articles 2 and 5. Purposes: To cross-refer to the Articles of this Act which deal with the substantive issues of the type of document of title required under the contract entered into by the parties. Prior Uniform Statutory Provision: None.