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Chapter 336
Section 336.7-507
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Recent History
This is an historical version of this statute chapter. Also view the most recent published version.
336.7-507 MS 2002 [Repealed, 2004 c 162 art 4 s 43]
336.7-507 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 336.7-508, 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.
History: 2004 c 162 art 4 s 36
336.7-507 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 336.7-508, 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.
History: 2004 c 162 art 4 s 36
Official Publication of the State of Minnesota
Revisor of Statutes