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 of this title.
[ 2012 c 214 § 609; 1965 ex.s. c 157 § 7-509.]

NOTES:

ApplicationSavings2012 c 214: See notes following RCW 62A.1-101.

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Terms Used In Washington Code 62A.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