Tex. Bus. & Com. Code § 7.507

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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 warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods 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.

Tex. Bus. and Comm. Code § 7.507

Amended By Acts 2005, 79th Leg., Ch. 122, Sec. 1, eff. 9/1/2005.

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. 9/1/1967.