Md. Code, Com. Law § 7-507
Md. Code, Com. Law § 7-507
Maryland · Maryland Code, Commercial Law · Status: effective
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- Citation
- Md. Code, Com. Law § 7-507, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757525
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Full text
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 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.