GroundRules
30-7-507: Warranties on negotiation or delivery of document of title.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 7. UNIFORM COMMERCIAL CODE -- 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 30-7-508, unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods 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 2026-09-14T04:51:00Z. Source file · JSON