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 Title 75, Chapter 2, 2A, or 5.
Receipt or bill: when adequate compliance with commercial contract
Miss. Code Ann. § 75-7-509, under Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
Miss. Code Ann. § 75-7-509