Kan. Stat. § 34-284

Current through 2024 Session Acts Chapter 111
Section 34-284 - Warranties on sale of receipt

A person who for value negotiates or transfers a receipt by endorsement or delivery including one who assigns for value a claim secured by a receipt unless a contrary intention appears, warrant:

(a) That the receipt is genuine;
(b) that he has a legal right to negotiate or transfer it;
(c) that he has knowledge of no fact which would impair the validity or worth of the receipt, and
(d) that he has a right to transfer the title to the grain, and that the grain is merchantable or fit for a particular purpose whenever such warranties would have been implied if the contract of the parties had been to transfer the grain without receipts represented thereby.

K.S.A. 34-284

L. 1931, ch. 194, § 62; July 1.