Arizona Statutes
§ 47-7508 — Warranties of collecting bank as to documents of title
Arizona·Title 47 Arizona Revised Statutes·Ch. 7 DOCUMENTS OF TITLE·Art. 5 Warehouse Receipts and Bills of Lading: Negotiation and Transfer
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.
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Arizona § 47-7508 (Warranties of collecting bank as to documents of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 47-10101
Provision for transition§ 47-1101
Short title§ 47-1102
Scope of chapter§ 47-1103
Construction to promote purposes and policies; applicability of supplemental principles of law§ 47-1104
Construction against implied repeal§ 47-1105
Severability§ 47-1106
Use of singular and plural; gender§ 47-1107
Section captions§ 47-1201
General definitions§ 47-1202
Notice; knowledge§ 47-1204
Value§ 47-1205
Reasonable time; "seasonably"§ 47-1206
Presumptions