Statute · California Commercial Code
Cal. Com. Code § 7508 — Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Cal. Com. Code § 7508
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 2007-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or…
Citator
Cal. Com. Code § 7508 — Warehouse Receipts and Bills of Lading: Negotiation and Transfer is in force in the current edition of the Code, and nothing recorded condemns it.
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.