™Your Policy Risk Impact Agent
6 chapters · 41 sections in this title.
Va. Code Ann. § 8.7-501 Form of negotiation and requirements of "due negotiation"
2.4K chars
(1) The following rules apply to a negotiable tangible document: (a) If the document's original terms run to the order of a named person, the document is negotiated by his endorsement and delivery. After his endorsement in blank or to bearer any person can negotiate the document …
Va. Code Ann. § 8.7-502 Rights acquired by due negotiation
1.3K chars
(1) Subject to §§ 8.7-205 and 8.7-503, a holder to whom a negotiable document has been duly negotiated acquires thereby: (a) title to the document; (b) title to the goods; (c) all rights accruing under the law of agency or estoppel, including rights to goods delivered to the bail…
Va. Code Ann. § 8.7-503 Document to goods defeated in certain cases
1.3K chars
(1) A document confers no right in goods against a person who before issuance of the document had a legal interest or a perfected security interest in them and who neither: (a) delivered or entrusted them or any document covering them to the bailor or his nominee with (i) actual …
Va. Code Ann. § 8.7-504 Rights acquired in the absence of due negotiation; effect of diversion; seller's stoppage of delivery
1.6K chars
(1) A transferee of a document, whether negotiable or nonnegotiable, to whom the document has been delivered but not duly negotiated, acquires the title and rights that his transferor had or had actual authority to convey. (2) In the case of a nonnegotiable document, until but no…