Maryland Statutes
Subtitle 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 7-507 - Warranties on Negotiation or Transfer of Receipt or Bill

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 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:
        (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.

Structure Maryland Statutes