New York § 7-507 Warranties on Negotiation or Delivery of Document of Title

New York Statutes

§ 7-507 — Warranties on Negotiation or Delivery of Document of Title

New York § 7-507

Law UCCUniform Commercial Code

Part 5Warehouse Receipts and Bills of Lading: Negotiation and Transfer

Art. 7Documents of Title

This text of New York § 7-507 (Warranties on Negotiation or Delivery of Document of Title) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 7-507 (2026).

Text

Section 7--507. Warranties on Negotiation or Delivery of Document of\n                  Title.\n  If a person negotiates or delivers a document of title for value,\notherwise than as a mere intermediary under Section 7--508, unless\notherwise agreed, the transferor, in addition to any warranty made in\nselling or leasing the goods, warrants to its immediate purchaser only\nthat:\n  (1) the document is genuine;\n  (2) the transferor does not have knowledge of any fact that would\nimpair the document's validity or worth; and\n  (3) the negotiation or delivery is rightful and fully effective with\nrespect to the title to the document and the goods it represents.\n

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Section 7--507. Warranties on Negotiation or Delivery of Document of\n Title.\n If a person negotiates or delivers a document of title for value,\notherwise than as a mere intermediary under Section 7--508, unless\notherwise agreed, the transferor, in addition to any warranty made in\nselling or leasing the goods, warrants to its immediate purchaser only\nthat:\n (1) the document is genuine;\n (2) the transferor does not have knowledge of any fact that would\nimpair the document's validity or worth; and\n (3) the negotiation or delivery is rightful and fully effective with\nrespect to the title to the document and the goods it represents.\n