84-7-508. Warranties of collecting bank as to documents of title. 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.
History: L. 2007, ch. 90, § 37; July 1, 2008.
Revisor's Note:
Former section 84-7-508 repealed by L. 2007, ch. 90, § 78 and the number reassigned to the current text.
Structure Kansas Statutes
Chapter 84 - Uniform Commercial Code
Article 7 - Warehouse Receipts, Bills Of Lading And Other Documents Of Title
84-7-102 Definitions and index of definitions.
84-7-103 Relation of article to treaty or statute.
84-7-104 Negotiable and nonnegotiable document of title.
84-7-105 Reissuance in alternative medium.
84-7-106 Control of electronic document of title.
84-7-201 Person that may issue a warehouse receipt; storage under bond.
84-7-202 Form of warehouse receipt; effect of omission.
84-7-203 Liability for nonreceipt or misdescription.
84-7-204 Duty of care; contractual limitation of warehouse's liability.
84-7-205 Title under warehouse receipt defeated in certain cases.
84-7-206 Termination of storage at warehouse's option
84-7-207 Goods must be kept separate; fungible goods.
84-7-208 Altered warehouse receipts.
84-7-210 Enforcement of warehouse's lien.
84-7-302 Through bills of lading and similar documents of title.
84-7-303 Diversion; reconsignment; change of instructions.
84-7-304 Tangible bills of lading in a set.
84-7-306 Altered bills of lading.
84-7-308 Enforcement of carrier's lien.
84-7-309 Duty of care; contractual limitation of carrier's liability.
84-7-401 Irregularities in issue of receipt or bill or conduct of issuer.
84-7-402 Duplicate document of title; overissue.
84-7-403 Obligation of bailee to deliver; excuse.
84-7-404 No liability for good faith delivery pursuant to document of title.
84-7-501 Form of negotiation and requirements of due negotiation.
84-7-502 Rights acquired by due negotiation.
84-7-503 Document of title to goods defeated in certain cases.
84-7-504 Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery.
84-7-505 Indorser not a guarantor for other parties.
84-7-506 Delivery without indorsement; right to compel indorsement.
84-7-507 Warranties on negotiation or delivery of document of title.
84-7-508 Warranties of collecting bank as to documents of title.
84-7-509 Adequate compliance with commercial contract.
84-7-601 Lost, stolen or destroyed documents of title.
84-7-602 Judicial process against goods covered by negotiable document of title.