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.
Section: Previous 45.07.501 45.07.502 45.07.503 45.07.504 45.07.505 45.07.506 45.07.507 45.07.508 45.07.509 NextLast modified: November 15, 2016