47-7507. Warranties on negotiation or delivery of document of title
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section 47-7508, 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.
Section: Previous 47-7404 47-7501 47-7502 47-7503 47-7504 47-7505 47-7506 47-7507 47-7508 47-7509 47-7601 47-7602 47-7603 47-7703 47-7704 NextLast modified: October 13, 2016