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 11-7-501 11-7-502 11-7-503 11-7-504 11-7-505 11-7-506 11-7-507 11-7-508 11-7-509 NextLast modified: October 14, 2016