2010 Georgia Code 11-7-507 Case Law
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One Click Case Law for § 11-7-507
O.C.G.A. § 11-7-506 <-- --> O.C.G.A. §11-7-508



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 7 - WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE
PART 5 - WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER
§ 11-7-507 - Warranties on negotiation or delivery of document of title

O.C.G.A. 11-7-507 (2010)
11-7-507. Warranties on negotiation or delivery of document of title


If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Code Section 11-7-508, 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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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com