Virginia Decodedhttps://vacode.org732018.7-507Warranties on negotiation or delivery of receipt or bill2025Commercial Code — Warehouse Receipts, Bills of Lading and Other Documents of TitleWarehouse Receipts and Bills of Lading: Negotiation and Transfer

Where a person negotiates or delivers a document for value otherwise than as a mere intermediary under § 8.7-508, then, unless otherwise agreed, he warrants to his immediate purchaser, in addition to any warranty made in selling or leasing the goods, that:

a. the document is genuine; and

b. he has no knowledge of any fact that would impair the document’s validity or worth; and

c. his negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.

Code 1950, § 61-47; 1964, c. 219; 2004, c. 200.