Section 7–507. If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section 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 Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Article 7 - Documents of Title
Section 7-502 - Rights Acquired by Due Negotiation
Section 7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer
Section 7-402 - Duplicate Document of Title; Overissue
Section 7-403 - Obligation of Bailee to Deliver; Excuse
Section 7-309 - Duty of Care; Contractual Limitation of Carrier's Liability
Section 7-404 - No Liability for Good–faith Delivery Pursuant to Document of Title
Section 7-501 - Form of Negotiation and Requirements of Due Negotiation
Section 7-503 - Document of Title to Goods Defeated in Certain Cases
Section 7-509 - Adequate Compliance With Commercial Contract
Section 7-505 - Indorser Not Guarantor for Other Parties
Section 7-506 - Delivery Without Indorsement: Right to Compel Indorsement
Section 7-507 - Warranties on Negotiations or Delivery of Document of Title
Section 7-508 - Warranties of Collecting Bank as to Documents of Title
Section 7-601 - Lost, Stolen, or Destroyed Documents of Title
Section 7-602 - Judicial Process Against Goods Covered by Negotiable Document of Title
Section 7-603 - Conflicting Claims; Interpleader
Section 7-308 - Enforcement of Carrier's Lien
Section 7-307 - Lien of Carrier
Section 7-210 - Enforcement of Warehouse's Lien
Section 7-305 - Destination Bills
Section 7-306 - Altered Bills of Lading
Section 7-102 - Definitions and Index of Definitions
Section 7-103 - Relation of Article to Treaty or Statute
Section 7-104 - Negotiable and Nonnegotiable Document of Title
Section 7-105 - Reissuance in Alternative Medium
Section 7-201 - Person That May Issue a Warehouse Receipt; Storage Under Bond
Section 7-202 - Form of Warehouse Receipt; Effect of Omission
Section 7-203 - Liability for Nonreceipt or Misdescription
Section 7-204 - Duty of Care; Contractual Limitation of Warehouse's Liability
Section 7-106 - Control of Electronic Document of Title
Section 7-206 - Termination of Storage at Warehouse Option
Section 7-207 - Goods Must Be Kept Separate; Fungible Goods
Section 7-208 - Altered Warehouse Receipts
Section 7-209 - Lien of Warehouse
Section 7-302 - Through Bills of Lading and Similar Documents of Title
Section 7-205 - Title Under Warehouse Receipt Defeated in Certain Cases
Section 7-303 - Diversion; Reconsignment; Change of Instructions