RCW 62A.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.
[ 2012 c 214 § 608; 1965 ex.s. c 157 § 7-508. Cf. former RCW sections: (i) RCW 22.04.470; 1913 c 99 § 46; RRS § 3632. (ii) RCW 81.32.371; 1961 c 14 § 81.32.371; prior: 1915 c 159 § 37; RRS § 3683; formerly RCW 81.32.460.]
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.