If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 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;

	movable for the purposes of a contract for storage or transportation. See Illinois Compiled Statutes 810 ILCS 5/7-102          (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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