§ 7–507
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 7-507 (2026)
Title 7. Documents of Title
Subtitle 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer
§ 7–507LinkCopy Citation
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 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.