Oregon Statutes 77.5090 – 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 ORS Chapter 72, 72A or 75. [1961 c.726 § 77.5090; 2009 c.181 § 85]
Terms Used In Oregon Statutes 77.5090
- 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
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