Nevada § 104.7507 Warranties on negotiation or delivery of document of title

Nevada Statutes

§ 104.7507 — Warranties on negotiation or delivery of document of title

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Warehouse Receipts and Bills of Lading: Negotiation and Transfers

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under NRS 104.7508, 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 NRS 104.7508, 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.

Nevada § 104.7507 (Warranties on negotiation or delivery of document of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.