§ 6A-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 § 6A-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.
History of Section.P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-7 - Documents of Title
Part 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 6A-7-501. - Form of negotiation and requirements of due negotiation.
Section 6A-7-502. - Rights acquired by due negotiation.
Section 6A-7-503. - Document of title to goods defeated in certain cases.
Section 6A-7-505. - Indorser not guarantor for other parties.
Section 6A-7-506. - Delivery without indorsement — Right to compel indorsement.
Section 6A-7-507. - Warranties on negotiation or delivery of document of title.
Section 6A-7-508. - Warranties of collecting bank as to documents of title.
Section 6A-7-509. - Adequate compliance with commercial contract.