Virginia § 8.7-507 Warranties on negotiation or delivery of receipt or bill

Virginia Statutes

§ 8.7-507 — Warranties on negotiation or delivery of receipt or bill

Virginia § 8.7-507

Title 8.7COMMERCIAL CODE — WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE

Part 5WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

This text of Virginia § 8.7-507 (Warranties on negotiation or delivery of receipt or bill) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.7-507 (2026).

Text

Where a person negotiates or delivers a document for value otherwise than as a mere intermediary under § 8.7-508, then, unless otherwise agreed, he warrants to his immediate purchaser, in addition to any warranty made in selling or leasing the goods, that:

(a)the document is genuine; and

(b)he has no knowledge of any fact that would impair the document's validity or worth; and

(c)his 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

Where a person negotiates or delivers a document for value otherwise than as a mere intermediary under § 8.7-508, then, unless otherwise agreed, he warrants to his immediate purchaser, in addition to any warranty made in selling or leasing the goods, that:

(a) the document is genuine; and

(b) he has no knowledge of any fact that would impair the document's validity or worth; and

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