Oklahoma § 12A-7-507 Warranties on negotiation or transfer of receipt or

Oklahoma Statutes

§ 12A-7-507 — Warranties on negotiation or transfer of receipt or

Oklahoma § 12A-7-507

Title 12AUniform Commercial Code

This text of Oklahoma § 12A-7-507 (Warranties on negotiation or transfer of receipt or) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 12A, § 12A-7-507 (2026).

Text

bill. Warranties on Negotiation or Transfer of Receipt or Bill. If a person negotiates or transfers a document of title for value, otherwise than as a mere intermediary under Section 7-508 of this title, 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 transfer is rightful and fully effective with respect to the title to the document and the goods it represents.

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bill. Warranties on Negotiation or Transfer of Receipt or Bill. If a person negotiates or transfers a document of title for value, otherwise than as a mere intermediary under Section 7-508 of this title, 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 transfer is rightful and fully effective with respect to the title to the document and the goods it represents.