NRS 104.7507
Warranties on negotiation or delivery of document of title.

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under NRS 104.7508, 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.

Source: Section 104.7507 — Warranties on negotiation or delivery of document of title., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec7507.

Last Updated

Jun. 24, 2021

§ 104.7507’s source at nv​.us