reglab/housing_qa huggingface dataset:
AZ Rev Stat § 47-5114 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-5114 - Assignment of proceeds

47-5114.  Assignment of proceeds A. In this section,  " proceeds of a letter of credit"  means the cash,  check,  accepted draft or other item of value paid or delivered upon honor or giving of value by the issuer or any nominated person under the letter of credit. The term does not include a beneficiary's drawing rights or documents presented by the beneficiary. B. A beneficiary may assign its right to part or all of the proceeds of a letter of credit. The beneficiary may do so before presentation as a present assignment of its right to receive proceeds contingent upon its compliance with the terms and conditions of the letter of credit. C. An issuer or nominated person need not recognize an assignment of proceeds of a letter of credit until it consents to the assignment. D. An issuer or nominated person has no obligation to give or withhold its consent to an assignment of proceeds of a letter of credit,  but consent may not be unreasonably withheld if the assignee possesses and exhibits the letter of credit and presentation of the letter of credit is a condition to honor. E. Rights of a transferee beneficiary or nominated person are independent of the beneficiary's assignment of the proceeds of a letter of credit and are superior to the assignee's right to the proceeds. F. Neither the rights recognized by this section between an assignee and an issuer,  transferee beneficiary or nominated person nor the issuer's or nominated person's payment of proceeds to an assignee or a third person affects the rights between the assignee and any person other than the issuer,  transferee beneficiary or nominated person. The mode of creating and perfecting a security interest in or granting an assignment of a beneficiary's rights to proceeds is governed by chapter 9 of this title or other law. Against persons other than the issuer,  transferee beneficiary or nominated person,  the rights and obligations arising upon the creation of a security interest or other assignment of a beneficiary's right to proceeds and its perfection are governed by chapter 9 of this title or other law.
AZ Rev Stat § 47-5115 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-5115 - Statute of limitations

47-5115.  Statute of limitations An action to enforce a right or obligation arising under this article must be commenced within one year after the expiration date of the relevant letter of credit or one year after the cause of action accrues,  whichever occurs later. A cause of action accrues when the breach occurs,  regardless of the aggrieved party's lack of knowledge of the breach.
AZ Rev Stat § 47-5116 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-5116 - Choice of law and forum

47-5116.  Choice of law and forum A. The liability of an issuer,  nominated person or adviser for action or omission is governed by the law of the jurisdiction chosen by an agreement in the form of a record signed or otherwise authenticated by the affected parties in the manner provided in section 47-5104 or by a provision in the person's letter of credit,  confirmation or other undertaking. The jurisdiction whose law is chosen need not bear any relation to the transaction. B. Unless subsection A of this section applies,  the liability of an issuer,  nominated person or adviser for action or omission is governed by the law of the jurisdiction in which the person is located. The person is considered to be located at the address indicated in the person's undertaking. If more than one address is indicated,  the person is considered to be located at the address from which the person's undertaking was issued. For the purpose of jurisdiction,  choice of law and recognition of interbranch letters of credit,  but not enforcement of a judgment,  all branches of a bank are considered separate juridical entities and a bank is considered to be located at the place where its relevant branch is considered to be located under this subsection. C. Except as otherwise provided in this subsection,  the liability of an issuer,  nominated person or adviser is governed by any rules of custom or practice,  such as the uniform customs and practice for documentary credits,  to which the letter of credit,  confirmation or other undertaking is expressly made subject. If this chapter would govern the liability of an issuer,  nominated person or adviser under subsection A or B of this section,  the relevant undertaking incorporates rules of custom or practice,  and there is conflict between this article and those rules as applied to that undertaking,  those rules govern except to the extent of any conflict with the nonvariable provisions specified in section 47-5103,  subsection C. D. If there is conflict between this chapter and chapter 3,  4,  4A or 9 of this title,  this chapter governs. E. The forum for settling disputes arising out of an undertaking within this article may be chosen in the manner and with the binding effect that governing law may be chosen in accordance with subsection A of this section.
AZ Rev Stat § 47-5117 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-5117 - Subrogation of issuer, applicant and nominated person

47-5117.  Subrogation of issuer,  applicant and nominated person A. An issuer that honors a beneficiary's presentation is subrogated to the rights of the beneficiary to the same extent as if the issuer were a secondary obligor of the underlying obligation owed to the beneficiary and of the applicant to the same extent as if the issuer were the secondary obligor of the underlying obligation owed to the applicant. B. An applicant that reimburses an issuer is subrogated to the rights of the issuer against any beneficiary,  presenter or nominated person to the same extent as if the applicant were the secondary obligor of the obligations owed to the issuer and has the rights of subrogation of the issuer to the rights of the beneficiary stated in subsection A. C. A nominated person who pays or gives value against a draft or demand presented under a letter of credit is subrogated to the rights of: 1. The issuer against the applicant to the same extent as if the nominated person were a secondary obligor of the obligation owed to the issuer by the applicant;  2. The beneficiary to the same extent as if the nominated person were a secondary obligor of the underlying obligation owed to the beneficiary;  and 3. The applicant to same extent as if the nominated person were a secondary obligor of the underlying obligation owed to the applicant. D. Notwithstanding any agreement or term to the contrary,  the rights of subrogation stated in subsections A and B do not arise until the issuer honors the letter of credit or otherwise pays and the rights in subsection C do not arise until the nominated person pays or otherwise gives value. Until then,  the issuer,  nominated person and applicant do not derive under this section present or prospective rights forming the basis of a claim,  defense or excuse.
AZ Rev Stat § 47-5118 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-5118 - Security interest of issuer or nominated person

47-5118.  Security interest of issuer or nominated person A. An issuer or nominated person has a security interest in a document presented under a letter of credit to the extent that the issuer or nominated person honors or gives value for the presentation. B. As long as and to the extent that an issuer or nominated person has not been reimbursed or has not otherwise recovered the value given with respect to a security interest in a document under subsection A of this section,  the security interest continues and is subject to chapter 9 of this title,  but: 1. A security agreement is not necessary to make the security interest enforceable under section 47-9203,  subsection B,  paragraph 3;  2. If the document is presented in a medium other than a written or other tangible medium,  the security interest is perfected;  and 3. If the document is presented in a written or other tangible medium and is not a certificated security,  chattel paper,  a document of title,  an instrument or a letter of credit,  the security interest is perfected and has priority over conflicting security interest in the document as long as the debtor does not have possession of the document.
AZ Rev Stat § 47-7101 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7101 - Short title

47-7101.  Short title This chapter may be cited as uniform commercial code-documents of title.
AZ Rev Stat § 47-7102 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7102 - Definitions and index of definitions

47-7102.  Definitions and index of definitions A. In this chapter,  unless the context otherwise requires: 1. " Bailee"  means a person that by a warehouse receipt,  bill of lading or other document of title acknowledges possession of goods and contracts to deliver them. 2. " Carrier"  means a person that issues a bill of lading. 3. " Consignee"  means a person named in a bill of lading to which or to whose order the bill promises delivery. 4. " Consignor"  means a person named in a bill of lading as the person from which the goods have been received for shipment. 5. " Delivery order"  means a record that contains an order to deliver goods directed to a warehouse,  carrier or other person that in the ordinary course of business issues warehouse receipts or bills of lading. 6. " Goods"  means all things that are treated as movable for the purposes of a contract for storage or transportation. 7. " Issuer"  means a bailee that issues a document of title or,  in the case of an unaccepted delivery order,  the person that orders the possessor of goods to deliver. Issuer includes a person for which an agent or employee purports to act in issuing a document if the agent or employee has real or apparent authority to issue documents,  even if the issuer did not receive any goods,  the goods were misdescribed or in any other respect the agent or employee violated the issuer s instructions. 8. " Person entitled under the document"  means the holder,  in the case of a negotiable document of title,  or the person to which delivery of the goods is to be made by the terms of,  or pursuant to instructions in a record under,  a nonnegotiable document of title. 9. " Shipper"  means a person that enters into a contract of transportation with a carrier. 10. " Sign"  means,  with present intent to authenticate or adopt a record: (a) to execute or adopt a tangible symbol;  or  (b) to attach to or logically associate with the record an electronic sound,  symbol or process. 11. " Warehouse"  means a person engaged in the business of storing goods for hire. B. Definitions in other chapters applying to this chapter and the sections in which they appear are: 1. " Contract for sale" . Section 47-2106. 2. " Lessee in ordinary course of business" . Section 47-2A103. 3. " Receipt of goods" . Section 47-2103. C. In addition,  chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.
AZ Rev Stat § 47-7103 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7103 - Relation of chapter to treaty or statute

47-7103.  Relation of chapter to treaty or statute A. This chapter is subject to any treaty or statute of the United States or regulatory statute of this state to the extent the treaty,  statute or regulatory statute is applicable. B. This chapter does not modify or repeal any law prescribing the form or content of a document of title or the services or facilities to be afforded by a bailee or otherwise regulating a bailee's business in respects not specifically treated in this chapter. However,  violation of such a law does not affect the status of a document of title that otherwise is within the definition of a document of title. C. This chapter modifies,  limits and supersedes the federal electronic signatures in global and national commerce act (P.L. 106-229;  114 Stat. 464;  15 United States Code sections 7001 through 7006,  section 7021 and section 7031) but does not modify,  limit or supersede section 101(c) of that act (P.L. 106-229;  114 stat. 464;  15 United States Code section 7001(c)) or authorize electronic delivery of any of the notices described in section 103(b) of that act (P.L. 106-229;  114 Stat. 464;  15 United States Code section 103(b)). D. To the extent there is a conflict between title 44,  chapter 26 and this chapter,  this chapter governs.
AZ Rev Stat § 47-7104 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7104 - Negotiable and nonnegotiable document of title

47-7104.  Negotiable and nonnegotiable document of title A. Except as otherwise provided in subsection C,  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. B. A document of title other than one described in subsection A 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. C. 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.
AZ Rev Stat § 47-7105 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7105 - Reissuance in alternative medium

47-7105.  Reissuance in alternative medium A. On request of a person entitled under an electronic document of title,  the issuer of the electronic document may issue a tangible document of title as a substitute for the electronic document if: 1. The person entitled under the electronic document surrenders control of the document to the issuer;  and 2. The tangible document when issued contains a statement that it is issued in substitution for the electronic document. B. On issuance of a tangible document of title in substitution for an electronic document of title in accordance with subsection A: 1. The electronic document ceases to have any effect or validity;  and 2. The person that procured issuance of the tangible document warrants to all subsequent persons entitled under the tangible document that the warrantor was a person entitled under the electronic document when the warrantor surrendered control of the electronic document to the issuer. C. On request of a person entitled under a tangible document of title,  the issuer of the tangible document may issue an electronic document of title as a substitute for the tangible document if: 1. The person entitled under the tangible document surrenders possession of the document to the issuer;  and 2. The electronic document when issued contains a statement that it is issued in substitution for the tangible document. D. On issuance of an electronic document of title in substitution for a tangible document of title in accordance with subsection C: 1. The tangible document ceases to have any effect or validity;  and 2. The person that procured issuance of the electronic document warrants to all subsequent persons entitled under the electronic document that the warrantor was a person entitled under the tangible document when the warrantor surrendered possession of the tangible document to the issuer.
AZ Rev Stat § 47-7106 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7106 - Control of electronic document of title

47-7106.  Control of electronic document of title A. A person has control of an electronic document of title if a system employed for evidencing the transfer of interests in the electronic document reliably establishes that person as the person to which the electronic document was issued or transferred. B. A system satisfies subsection A and a person is deemed to have control of an electronic document of title if the document is created,  stored and assigned in such a manner that: 1. A single authoritative copy of the document exists that is unique,  identifiable and,  except as otherwise provided in paragraphs 4,  5,  and 6,  unalterable;  2. The authoritative copy identifies the person asserting control as: (a) The person to which the document was issued;  or (b) If the authoritative copy indicates that the document has been transferred,  the person to which the document was most recently transferred;  3. The authoritative copy is communicated to and maintained by the person asserting control or its designated custodian;  4. Copies or amendments that add or change an identified assignee of the authoritative copy can be made only with the consent of the person asserting control;   5. Each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy;  and 6. Any amendment of the authoritative copy is readily identifiable as authorized or unauthorized.
AZ Rev Stat § 47-7201 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7201 - Person that may issue a warehouse receipt; storage under bond

47-7201.  Person that may issue a warehouse receipt;  storage under bond A. A warehouse receipt may be issued by any warehouse. B. If goods,  including distilled spirits and agricultural commodities,  are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts,  a receipt issued for the goods is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and that is not a warehouse.
AZ Rev Stat § 47-7202 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7202 - Form of warehouse receipt; effect of omission

47-7202.  Form of warehouse receipt;  effect of omission A. A warehouse receipt need not be in any particular form. B. Unless a warehouse receipt provides for each of the following,  the warehouse is liable for damages caused to a person injured by its omission: 1. A statement of the location of the warehouse facility where the goods are stored;  2. The date of issue of the receipt;  3. The unique identification code of the receipt;  4. A statement whether the goods received will be delivered to the bearer,  to a named person or to a named person or its order;  5. The rate of storage and handling charges,  unless goods are stored under a field warehousing arrangement,  in which case a statement of that fact is sufficient on a nonnegotiable receipt;  6. A description of the goods or the packages containing them;  7. The signature of the warehouse or its agent;  8. If the receipt is issued for goods that the warehouse owns,  either solely,  jointly or in common with others,  a statement of the fact of that ownership;  and 9. A statement of the amount of advances made and of liabilities incurred for which the warehouse claims a lien or security interest,  unless the precise amount of advances made or liabilities incurred,  at the time of the issue of the receipt,  is unknown to the warehouse or to its agent that issued the receipt,  in which case a statement of the fact that advances have been made or liabilities incurred and the purpose of the advances or liabilities is sufficient. C. A warehouse may insert in its receipt any terms that are not contrary to this title and that do not impair its obligation of delivery under section 47-7403 or its duty of care under section 47-7204. Any contrary provision is ineffective.
AZ Rev Stat § 47-7203 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7203 - Liability for nonreceipt or misdescription

47-7203.  Liability for nonreceipt or misdescription A party to or purchaser for value in good faith of a document of title,  other than a bill of lading,  that relies on the description of the goods in the document may recover from the issuer damages caused by the nonreceipt or misdescription of the goods,  except to the extent that: 1. The document conspicuously indicates that the issuer does not know whether all or part of the goods in fact were received or conform to the description,  such as a case in which the description is in terms of marks or labels or kind,  quantity or condition or the receipt or description is qualified by " contents,  condition and quality unknown" ,  " said to contain"  or words of similar import,  if the indication is true;  or 2. The party or purchaser otherwise has notice of the nonreceipt or misdescription.
AZ Rev Stat § 47-7204 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7204 - Duty of care; contractual limitation of warehouse's liability

47-7204.  Duty of care;  contractual limitation of warehouse's liability A. A warehouse is liable for damages for loss of or injury to the goods caused by its failure to exercise care with regard to the goods that a reasonably careful person would exercise under similar circumstances. Unless otherwise agreed,  the warehouse is not liable for damages that could not have been avoided by the exercise of that care. B. Damages may be limited by a term in the warehouse receipt or storage agreement limiting the amount of liability in case of loss or damage beyond which the warehouse is not liable. Such a limitation is not effective with respect to the warehouse's liability for conversion to its own use. On request of the bailor in a record at the time of signing the storage agreement or within a reasonable time after receipt of the warehouse receipt,  the warehouse's liability may be increased on part or all of the goods covered by the storage agreement or the warehouse receipt. In this event,  increased rates may be charged based on an increased valuation of the goods. C. Reasonable provisions as to the time and manner of presenting claims and commencing actions based on the bailment may be included in the warehouse receipt or storage agreement. D. This section does not modify or repeal any statute that imposes a higher responsibility on the warehouse or invalidates a contractual limitation that would be permissible under this chapter.
AZ Rev Stat § 47-7205 (2021)
2021 Arizona Revised Statutes|Title 47 - Uniform Commercial Code|§ 47-7205 - Title under warehouse receipt defeated in certain cases

47-7205.  Title under warehouse receipt defeated in certain cases A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.