7-507 - Warranties on Negotiation or Delivery of Document of Title.

NY UCC § 7-507 (2019) (N/A)
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(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.