South Dakota § 57A-7-507 Warranties on negotiation or delivery of document of title.

South Dakota Statutes

§ 57A-7-507 — Warranties on negotiation or delivery of document of title.

South Dakota § 57A-7-507

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6DOCUMENTS OF TITLE

This text of South Dakota § 57A-7-507 (Warranties on negotiation or delivery of document of title.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-7-507 (2026).

Text

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 57A-7-508 , unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods 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.

Free access — add to your briefcase to read the full text and ask questions with AI

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 57A-7-508 , unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods 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.