GroundRules
Utah Code § 70A-7a-508: Warranties of collecting bank as to documents 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
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.
Collected 2026-09-03T11:34:34Z. Source file · JSON