North Dakota § 41-07-36 (7-507) Warranties on negotiation or delivery of document of title

North Dakota Statutes

§ 41-07-36 — (7-507) Warranties on negotiation or delivery of document of title

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-07 Documents of Title

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section 41-07-37, 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 41-07-37, 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.

North Dakota § 41-07-36 ((7-507) Warranties on negotiation or delivery of document of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.