2004 Minnesota Statutes

  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. 

    HIST: 2004 c 162 art 4 s 36