Statutes > New York Statutes > UCC - Uniform Commercial Code > Article 7 - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE > Part 5 - (7-501 - 7-509) WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER > 7-509 - Receipt or Bill: When Adequate Compliance with Commercial Contract.

7-509 - Receipt or Bill: When Adequate Compliance with Commercial Contract.

Section 7--509. Receipt   or   Bill:   When   Adequate  Compliance  with                    Commercial Contract.    The question whether a document is adequate to fulfill the obligations  of a contract for sale or the conditions of a credit is governed by  the  Articles on Sales (Article 2) and on Letters of Credit (Article 5).