Ohio § 1307.507 Warranties on negotiation or delivery of document of title - UCC 7-507

Ohio Statutes

§ 1307.507 — Warranties on negotiation or delivery of document of title - UCC 7-507

Ohio § 1307.507

Title 13Commercial Transactions

Ch. 1307Documents Of Title

This text of Ohio § 1307.507 (Warranties on negotiation or delivery of document of title - UCC 7-507) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1307.507 (2026).

Text

Warranties on negotiation or delivery of document of title [UCC 7-507] If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section1307.508of the Revised Code, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:

(A)The document is genuine;

(B)The transferor does not have knowledge of any fact that would impair the document's validity or worth; and

(C)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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Warranties on negotiation or delivery of document of title [UCC 7-507]

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section1307.508of the Revised Code, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:

(A) The document is genuine;

(B) The transferor does not have knowledge of any fact that would impair the document's validity or worth; and

(C) The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.