Title XXVI TRADE AND COMMERCE Chapter 400 • Effective - 28 Aug 2017, 2 histories 400.7-507. Warranties on negotiation or transfer of receipt or bill. — If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section 400.7-508, 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. 1963 p. 503 § 7-507, A.L. 2017 H.B. 34)
Missouri Legal Code