Cal. Commercial Code § 7507
Cal. Commercial Code § 7507
California · California Commercial Code · Status: effective · Effective 2007-01-01
Cite this
- Citation
- Cal. Commercial Code § 7507, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790540
- Permanent ID
ys:prov:790540@1- SHA-256
caebd85b73876ad7f9c6c1214e629adc2ad07d2885a57cd93842c963deb15950
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, 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.