47-7507. 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 47-7508, 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.