Ca_Law

statute | California

Commercial Code - COM - COM § 7507

  • UIDca_leginfo_codes:com-7507
  • CitationCommercial Code - COM - COM § 7507
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, 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

Text

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, 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.

Retrieval chunks

  • #1 | Commercial Code - COM - COM § 7507

    If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, 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 …