Kan. Stat. § 84-7-507

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 84-7-507 - 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 K.S.A. 2023 Supp. 84-7-508, and amendments thereto, 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.

K.S.A. 84-7-507

L. 2007, ch. 90, § 36; 7/1/2008.

Revisor's Note:

Former section 84-7-507 repealed by L. 2007, ch. 90, § 78 and the number reassigned to the current text.