Iowa § 554.7507 Warranties on negotiation or delivery of document of title

Iowa Statutes

§ 554.7507 — Warranties on negotiation or delivery of document of title

Iowa § 554.7507

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.7507 (Warranties on negotiation or delivery of document of title) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.7507 (2026).

Text

If a person negotiates or delivers a document of title for value otherwise than as a mere intermediary under section 554.7508, 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.

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If a person negotiates or delivers a document of title for value otherwise than as a mere
intermediary under section 554.7508, 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.

Legislative History

[S13, §3138-a44, -b34, -b36; C24, 27, 31, 35, 39, §8279, 8281, 9704, 9965; C46, 50, 54, 58, 62, §487.35, 487.37, 542.44, 554.37; C66, 71, 73, 75, 77, 79, 81, §554.7507]