Utah § 70A-7a-507 Warranties on negotiation or delivery of document of title.

Utah Statutes

§ 70A-7a-507 — Warranties on negotiation or delivery of document of title.

Utah § 70A-7a-507

Title 70AUniform Commercial Code

Ch. 70A-7aUniform Commercial Code - Documents of Title

Part 70A-7a-5Warehouse Receipts and Bills of Lading - Negotiation and Transfer

This text of Utah § 70A-7a-507 (Warranties on negotiation or delivery of document of title.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-7a-507 (2026).

Text

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 70A-7a-508, 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 Section 70A-7a-508, 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.