| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 7:
Section: 12A:7-507: Warranties on negotiation or delivery of document of title.
12A: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 12A: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.
L.2013, c.65, s.2.
This section added to the Rutgers Database: 2013-06-22 15:32:26.
Older versions of 12a:7-507 (if available):
Court decisions that cite this statute:
CLICK HERE.