RCW 62A.7-507
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 RCW 62A.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.
[ 2012 c 214 § 607; 1965 ex.s. c 157 § 7-507. Cf. former RCW sections: (i) RCW 22.04.450; 1913 c 99 § 44; RRS § 3630. (ii) RCW 63.04.370; 1925 ex.s. c 142 § 36; RRS § 5836-36. (iii) RCW 81.32.351; 1961 c 14 § 81.32.351; prior: 1915 c 159 § 35; RRS § 3681; formerly RCW 81.32.440.]
NOTES:
Application—Savings—2012 c 214: See notes following RCW 62A.1-101.
Structure Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.7 - Warehouse Receipts, Bills of Lading and Other Documents of Title.
62A.7-102 - Definitions and index of definitions.
62A.7-103 - Relation of Article to treaty or statute.
62A.7-104 - Negotiable and nonnegotiable document of title.
62A.7-105 - Reissuance in alternative medium.
62A.7-106 - Control of electronic document of title.
62A.7-201 - Person that may issue a warehouse receipt; storage under bond.
62A.7-202 - Form of warehouse receipt; effect of omission.
62A.7-203 - Liability for nonreceipt or misdescription.
62A.7-204 - Duty of care; contractual limitation of warehouse's liability.
62A.7-205 - Title under warehouse receipt defeated in certain cases.
62A.7-206 - Termination of storage at warehouse's option.
62A.7-207 - Goods must be kept separate; fungible goods.
62A.7-208 - Altered warehouse receipts.
62A.7-209 - Lien of warehouse.
62A.7-210 - Enforcement of warehouse lien.
62A.7-302 - Through bills of lading and similar documents of title.
62A.7-303 - Diversion; reconsignment; change of instructions.
62A.7-304 - Tangible bills of lading in a set.
62A.7-305 - Destination bills.
62A.7-306 - Altered bills of lading.
62A.7-308 - Enforcement of carrier's lien.
62A.7-309 - Duty of care; contractual limitation of carrier's liability.
62A.7-401 - Irregularities in issue of receipt or bill or conduct of issuer.
62A.7-402 - Duplicate document of title; overissue.
62A.7-403 - Obligation of bailee to deliver; excuse.
62A.7-404 - No liability for good-faith delivery pursuant to document of title.
62A.7-501 - Form of negotiation and requirements of due negotiation.
62A.7-502 - Rights acquired by due negotiation.
62A.7-503 - Document of title to goods defeated in certain cases.
62A.7-505 - Indorser not guarantor for other parties.
62A.7-506 - Delivery without indorsement: Right to compel indorsement.
62A.7-507 - Warranties on negotiation or delivery of document of title.
62A.7-508 - Warranties of collecting bank as to documents of title.
62A.7-509 - Adequate compliance with commercial contract.
62A.7-601 - Lost, stolen, or destroyed documents of title.
62A.7-602 - Judicial process against goods covered by negotiable document of title.