Conn. Gen. Stat. § 42a-7-507

Current with legislation from the 2024 Regular and Special Sessions.

Section 42a-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 section 42a-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.

Conn. Gen. Stat. § 42a-7-507

(1959, P.A. 133, S. 7-507; P.A. 04-64, S. 35.)