Home Table of Contents

§ 7507. Warranties on negotiation or delivery of document of title

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: June 16, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 7. Warehouse Receipts, Bills of Lading and Other Documents of Title (Refs & Annos)
Chapter 75. Warehouse Receipts and Bills of Lading: Negotiation and Transfer (Refs & Annos)
Effective: June 16, 2008
13 Pa.C.S.A. § 7507
§ 7507. Warranties on negotiation or delivery of document of title
Currentness
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section 7508 (relating to warranties of collecting bank as to documents of title), unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods 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.

Credits

2008, April 16, P.L. 57, No. 13, § 13, effective in 60 days [June 16, 2008].
13 Pa.C.S.A. § 7507, PA ST 13 Pa.C.S.A. § 7507
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document