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 the chapters on sales (Chapter 2), leases (Chapter 2A), and on letters of credit (Chapter 5). HISTORY: 1962 Code Section 10.7-509; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014. OFFICIAL COMMENT Prior Uniform Statutory Provision: Former Section 7-509. Changes: To reference Article 2A. 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. Cross References: Articles 2, 2A and 5. Definitional Cross References: 'Contract for sale'. Section 2-106. 'Document of title'. Section 1-201. 'Lease'. Section 2A-103.
South Carolina Legal Code