Florida Statutes 677.507 – Warranties on negotiation or delivery of document of title
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 677.507
- Goods: means all things that are treated as movable for the purposes of a contract of storage or transportation. See Florida Statutes 677.102
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under the next following section, 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.