New Jersey Statutes
§ 12A:7-508 — Warranties of collecting bank as to documents of title.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
12A:7-508. Warranties of Collecting Bank As To Documents of Title. 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. 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.