GroundRules
NRS 104.7507: Warranties on negotiation or delivery of document of title.
Where this section sits in the code
- TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS
- CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES
- WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE
- Warehouse Receipts and Bills of Lading: Negotiation and Transfers
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under NRS 104.7508, 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 2026-09-03T05:51:31Z. Source file · JSON