§490:7-507 - Warranties on negotiation or delivery of document of title. - Hawaii Statutes

     §490:7-507  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 section 490:7-508, 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. [L 2004, c 163, pt of §1]