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 Chapter 2 of this title (§ 4-2-101 et seq.), Chapter 2A of this title (§ 4-2A-101 et seq.), or Chapter 5 of this title (§ 4-5-101 et seq.).
Adequate compliance with commercial contract
Ark. Code Ann. § 4-7-509 — under — Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
Ark. Code Ann. § 4-7-509