Warranties on Negotiation or Delivery of Document of Title

  1. Law
  2. Tennessee Code
  3. Commercial Instruments and Transactions
  4. Uniform Commercial Code — Documents of Title
  5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer
  6. Warranties on Negotiation or Delivery of Document of Title

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If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under §47-7-508, 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.


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