N.H. Rev. Stat. § 382-A:7-507

Current through the 2024 Legislative Session

Section 382-A: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 Section 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.

RSA 382-A:7-507

2006, 169:17, eff. Jan. 1, 2007.