GroundRules
O.C.G.A. § 11-7-507: Warranties on negotiation or delivery of document of title.
Where this section sits in the code
- TITLE 11 Commercial Code
- Article 7 Warehouse Receipts, Bills of Lading, and Other Documents of Title
- PART 5 Warehouse Receipts and Bills of Lading: Negotiation and Transfer
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Code Section 11-7-508, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:
(1) The document is genuine;
(2) The transferor does not have knowledge of any fact that would impair the document’s validity or worth; and
(3) The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.
Collected 2026-09-17T19:34:57Z. Source file · JSON