| Warranties of Collecting Bank as to Documents of Title - Ucc 7-508.

Checkout our iOS App for a better way to browser and research.

Effective: June 29, 2011

Latest Legislation: House Bill 9 - 129th General Assembly

Warranties of collecting bank as to documents of title [UCC 7-508]

A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.


Download our app to see the most-to-date content.