RCW 62A.7-507

175 words·~1 min read·/wa/title-62a/chapter-62a-7/62a-7-507·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under RCW 62A.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.

[ 2012 c 214 s 607 ; 1965 ex.s. c 157 s 7-507. Cf. former RCW sections:

(i)RCW 22.04.450 ; 1913 c 99 s 44 ; RRS s 3630.

(ii)RCW 63.04.370 ; 1925 ex.s. c 142 s 36 ; RRS s 5836-36.

(iii)RCW 81.32.351 ; 1961 c 14 s 81.32.351 ; prior: 1915 c 159 s 35 ; RRS s 3681; formerly RCW 81.32.440 .]

Notes:

Application — Savings — 2012 c 214: See notes following RCW 62A.1-101 .