Rhode Island General Laws 6A-7-509. 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 chapter 2, 2.1, or 5 of this title.
History of Section.
P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.
Terms Used In Rhode Island General Laws 6A-7-509
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC