New Jersey Statutes
§ 12A:7-507 — Warranties on negotiation or delivery of document of title.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
12A:7-507. Warranties On Negotiation or Delivery of Document of Title. If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under 12A: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. L.2013, c.65, s.2.
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Nearby Sections
15
§ 12A:7-101
Short title.§ 12A:7-102
Definitions and index of definitions.§ 12A:7-103
Relation of chapter to treaty or statute.§ 12A:7-104. Negotiable and nonnegotiable document of title
§ 12A:7-104. Negotiable and nonnegotiable document of title§ 12A:7-105
Reissuance in alternative medium.§ 12A:7-106
Control of electronic document of title.§ 12A:7-202. Form of warehouse receipt; effect of omission.
§ 12A:7-202. Form of warehouse receipt; effect of omission.§ 12A:7-203
Liability for nonreceipt or misdescription.§ 12A:7-207
Goods must be kept separate; fungible goods.§ 12A:7-208
Altered warehouse receipts.§ 12A:7-209. Lien of warehouse.
§ 12A:7-209. Lien of warehouse.