2014 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
ARTICLE 7 - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHERDOCUMENTS
34.1-7-507. Warranties on negotiation or transfer of receipt or bill.
34.1-7-507. Warranties on negotiation or transfer of receipt or bill.
(a) Where a person negotiates or transfers a document of title for value otherwise than as a mere intermediary under the next following section, then unless otherwise agreed he warrants to his immediate purchaser only in addition to any warranty made in selling the goods:
(i) That the document is genuine; and
(ii) That he has no knowledge of any fact which would impair its validity or worth; and
(iii) That his negotiation or transfer is rightful and fully effective with respect to the title to the document and the goods it represents.
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