{"data":{"id":"us-ar/ark.-code-ann.-4-7-507","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-7-507","heading":"Warranties on negotiation or delivery of document of title.","body":"If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 4-7-508, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:\n(1) the document is genuine;\n(2) the transferor does not have knowledge of any fact that would impair the document's validity or worth; and\n(3) the negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 7 Documents of Title","Part 5 — Warehouse Receipts and Bills of Lading: Negotiation and Transfer"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"fb7a88c8e7a2c7c36bed9f915acefc3b782f0912108dade3c578416d50b1333e","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-7-506","next":"us-ar/ark.-code-ann.-4-7-508"},"notice":"GroundRules: Original legal text. Not legal advice."}