Ohio § 1302.50
Full text of Ohio Ohio Revised Code § 1302.50, with citation guidance and answers to common questions.
§ 1302.50.
(A) A financing agency by paying or purchasing for value a draft which relates to a shipment
of goods acquires to the extent of the payment or purchase and in addition to its
own rights under the draft and any document of title securing it any rights of the
shipper in the goods including the right to stop delivery and the shipper's right
to have the draft honored by the buyer. (B) The right to reimbursement of a financing agency which has in good faith honored
or purchased the draft under commitment to or authority from the buyer is not impaired
by subsequent discovery of defects with reference to any relevant document which was
apparently regular.
Frequently Asked Questions About Ohio § 1302.50
What does Ohio Revised Code § 1302.50 cover?
Section 1302.50 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1302.50?
A common citation format is "Ohio Revised Code § 1302.50" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1302.50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.