<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="7-507" title_number="7" title_name="Documents of Title" subtitle_number="5" subtitle_name="Warehouse Receipts and Bills of Lading: Negotiation and Transfer">
  <text>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:</text>
  <level label="1">
    <text>The document is genuine;</text>
  </level>
  <level label="2">
    <text>The transferor does not have knowledge of any fact that would impair the document’s validity or worth; and</text>
  </level>
  <level label="3">
    <text>The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.</text>
  </level>
</section>
