Louisiana § 10:7-507 Warranties on negotiation or delivery of document of title

Louisiana Statutes

§ 10:7-507 — Warranties on negotiation or delivery of document of title

Louisiana § 10:7-507

Title 10Commercial Laws

This text of Louisiana § 10:7-507 (Warranties on negotiation or delivery of document of title) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 10:7-507 (2026).

Text

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under R.S. 10:7-508, 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.

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If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under R.S. 10:7-508, 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.