677.104
Negotiable and nonnegotiable document of title.
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677.104 Negotiable and nonnegotiable document of title.—
(1) Except as otherwise provided in subsection (3), a document of title is negotiable if by its terms the goods are to be delivered to bearer or to the order of a named person.
(2) A document of title other than one described in subsection (1) is nonnegotiable. A bill of lading that states that the goods are consigned to a named person is not made negotiable by a provision that the goods are to be delivered only against an order in a record signed by the same or another named person.
(3) A document of title is nonnegotiable if, at the time it is issued, the document has a conspicuous legend, however expressed, that it is nonnegotiable.
History.—s. 1, ch. 65-254; s. 20, ch. 2010-131.
Note.—s. 7-104, U.C.C.; supersedes ss. 678.02-678.05.
Notes of Decisions
Cited in 1
case, 1985–1985 · leading case: Skripak v. Commissioner
Skripak v. Commissioner (1985)
“Since McDermid and RPI otherwise performed the agreement according to the terms of the offering memoranda and other documents, we do not think that Joiner's failure to sign the McDermid bills of sale on behalf of RPI in any way affects the validity of the transaction.”
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