Section 7–508. 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.
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