34-284. Warranties on sale of receipt.
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/ks/chapter-34/34-284A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
34-284. Warranties on sale of receipt. A person who for value negotiates or transfers a receipt by endorsement or delivery including one who assigns for value a claim secured by a receipt unless a contrary intention appears, warrant:
(a)That the receipt is genuine;
(b)that he has a legal right to negotiate or transfer it;
(c)that he has knowledge of no fact which would impair the validity or worth of the receipt, and
(d)that he has a right to transfer the title to the grain, and that the grain is merchantable or fit for a particular purpose whenever such warranties would have been implied if the contract of the parties had been to transfer the grain without receipts represented thereby.