WVC 46 - 2 - 506
§46-2-506. Rights of financing agency.
(1) 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.
(2) 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
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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