GroundRules
Utah Code § 70A-7a-507: Warranties on negotiation or delivery of document of title.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-7a Uniform Commercial Code - Documents of Title
- Part 70A-7a-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 Section 70A-7a-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 2026-09-03T11:34:34Z. Source file · JSON