§490:7-507  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 490:7-508, 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. [L 2004, c 163, pt of §1]